Redefine Properties, one of South Africa’s largest property groups, has signed a renewable energy supply agreement that will meet a significant portion of its total Eskom-connected electricity requirements from renewable energy sources. This agreement, signed with NOA supports Redefine’s decarbonisation efforts through wheeling, while also enabling significant energy cost savings for the JSE listed property company.
With a municipal wheeling solution between the parties to follow as a second phase of the engagement, the initial agreement focuses on Redefine’s Eskom-connected premises across multiple property locations.
“Future-proofing our assets is central to Redefine’s strategy, and this agreement plays a key role in that. By securing renewable energy at scale through wheeling, we’re not only reducing emissions and controlling costs but also building resilience across our portfolio,” said Scott Thorburn, National Asset Manager Commercial at Redefine Properties.
Redefine will receive a carefully crafted blend of renewable energy at 11 of its Eskom-connected properties, ensuring a high level of renewable energy penetration while providing the flexibility to reallocate energy between locations. The agreement will supply 37 GWh per year over a 20-year period, reducing CO₂ emissions by over 39 000 tonnes annually.
NOA, as an integrated renewable energy utility, will source the energy from both third-party Independent Power Producers (IPPs) and its own generation facilities. The aggregated energy will then be allocated to the property group’s designated premises. Most notably, one of the sites that will be supplying Redefine is the Khauta Solar PV project, located near Welkom, Free State. The generation facility is expected to be one of the largest Solar PV sites in South Africa.
“NOA’s bespoke energy products are ideal for property sector customers. By allowing energy reallocation between multiple locations across South Africa, we ensure high renewable energy penetration while limiting the risk of customers paying for unused energy,” said Karel Cornelissen, CEO, NOA.
SOLINK Energy Brokers, a wheeled energy specialist, analysed Redefine’s energy needs and sustainability goals, sourced NOA as the ideal supplier, and supported the deal through to signature.
This agreement underscores the critical role of energy traders and aggregators in supporting the decarbonisation of the property sector, where rooftop and onsite energy solutions often have limitations. By providing tailored renewable energy solutions, NOA enables large-scale property groups to structure both commercially accretive and environmentally compelling energy agreements.
“The property sector is a key growth area for NOA, offering solutions that can achieve over 80% renewable energy penetration through a phased supply framework,” concluded Cornelissen.
