JSE-listed Property group Redefine Properties has signed a renewable energy supply agreement with integrated renewable energy utility NOA to support its decarbonisation efforts through wheeling, while also enabling energy cost savings.

The agreement is expected to meet a significant portion of Redefine’s total Eskom-connected electricity requirements from renewable-energy sources.

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.

Redefine will receive a blend of renewable energy at 11 of its Eskom-connected properties, enabling a high level of renewable-energy penetration, while providing the flexibility to reallocate energy between locations.

The agreement will supply 37 GWh/y over a 20-year period, reducing CO₂ emissions by over 39 000 t/y.

NOA will source the energy from both third-party independent power producers and its own generation facilities.

The aggregated energy will then be allocated to the property group’s designated premises.

Notably, one of the sites that will be supplying Redefine is the Khauta solar PV project, located near Welkom, in the Free State. The generation facility is expected to be one of the largest solar PV sites in South Africa.

“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,” says Redefine national asset manager commercial Scott Thorburn.

“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,” says NOA CEO Karel Cornelissen.

Wheeled energy specialist SOLINK Energy Brokers analysed Redefine’s energy needs and sustainability goals, sourced NOA as the supplier and supported the deal through to signature.

“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,” Cornelissen adds.