Novare, an investment solutions company with a significant property portfolio in Africa, has made a noteworthy move towards sustainable energy solutions. On August 1, the company announced a substantial investment in rooftop photovoltaic (PV) panels to reduce carbon emissions across its African properties and strengthen its commitment to sustainability. The solar project’s first phase focuses on Matola Mall, Novare’s retail properties situated in Mozambique, in partnership with Enteria Moçambique, a renewable energy company. The project involves the supply and installation of 777.84 kW PV panels and eight solar inverters, generating 1,159,042 kWh of sustainable energy annually. The solar investment in Mozambique serves as a trailblazing example for the African property industry, demonstrating how environmentally conscious decisions can foster competitiveness and contribute to a greener and more sustainable future for Africa.

Source: The North Africa Journal August 07, 2023 23:00 UTC