“The solar power plant is projected to deliver monthly electricity savings in excess of 50-60% over its lifetime, contributing to both environmental and financial benefits. The service life of the solar station is more than 40 years. The initiative underscores Dayizenza Mall's dedication to reducing its environmental impact and supporting the transition to clean energy solutions in the commercial sector,” shared the Head of Sales NEOSUN South Africa, Jeanine Jackson.
Financially, the project demonstrates strong viability, with an internal rate of return (IRR) of 53% and a payback period of just 12 months, largely due to the Section 12B government tax incentive. The cumulative savings are estimated to exceed R164 million over the plant's lifespan, making it a highly cost-effective renewable energy investment.
The project is expected to reduce 25,807 tons of CO2 emissions, further establishing the mall as a leader in promoting sustainable practices within the Nelspruit region.
The system is a purely on-grid configuration, featuring 1,706 solar panels integrated with seven on-grid inverters. In its first year of operation, the system is projected to generate slightly over 1.6 GWh of electricity. This equates to an average daily generation of approximately 4.38 MWh, a figure that aligns closely with expectations for a solar installation of this scale in regions with high solar irradiance.
“Our mission in South Africa is to help local enterprises to gain access to electricity since it is crucial for any business, especially in rural areas where the price for electricity is very high and supply is not stable.
"Electricity is an oxygen for business and this 1MW project for Dayizenza Mall is a special symbol for us. It shows how fast we can build the solar power system to reduce the cost for electricity and increase the energy independence for businesses operational efficiency," added the CEO of Neosun Energy Ilya Likhov.
