“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," said Head of Sales at NEOSUN South Africa, Jeanine Jackson.
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.
“This landmark project not only underscores the mall's commitment to sustainability but also serves as a model for other South African businesses. It highlights the financial and environmental advantages of renewable energy solutions, contributing to a cleaner, more sustainable future," said Jackson.
Neosun Energy has recently opened new branches in CapeTown and Johannesburg to be closer to the local customers. For local businesses in South Africa, solar energy represents a significant cost-saving opportunity, being the cheapest form of energy generation. The payback period for solar projects is generally less than two years in most sunny regions, leading to pure profit by the third year. This makes solar energy a strategic move to increase profitability and attractiveness to investors and businesses.
"Thousands of enterprises in South Africa are unable to fulfill business operations and are bearing financial losses due to the limited access to the grid,” said CEO of Neosun Energy, Ilya Likhov.
Neosun Energy's entry into the South African market brings a promising opportunity for local businesses to tackle the energy crisis effectively. The company's advanced solar solutions will help South African businesses and local companies save on electricity costs, become more efficient, and enhance their profitability.
