- Listed life insurance and integrated financial services group, Momentum Group Limited (Momentum Group) has installed two large-scale solar energy projects at its Centurion head office in Gauteng and Parc du Cap regional office in the Western Cape.
- Now operational, these installations have the potential to generate a combined 7.5 GWh of electricity annually.
The group estimates annual cost savings of R13 million, enhancing business continuity and reducing its carbon footprint. The installation is expected to cut carbon dioxide emissions by 8,900 tonnes* annually, equivalent to ±3,200 return flights from Johannesburg to London.
The project is grid-tied, with solar panels and inverters feeding into both sites’ electrical systems. This allows solar energy to offset the daytime electrical demand, reducing the use of municipal electricity. Both sites will use roof and carport spaces to harvest sunlight.
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The financial investment is expected to break even within a relatively short period. After which, the group will continue to benefit from significant cost savings, contributing to long-term financial sustainability, which includes providing stable business continuity.
“This is yet another significant milestone in our sustainability journey; reducing our carbon footprint while actively contributing to a more sustainable future,” says Lulama Booi, the Executive with oversight over Group Facilities Management at Momentum Group. “Our long-term goal is energy stability and sustainable operations, for enhanced energy security.” This will maintain consistent service to our clients irrespective of power interruptions while also alleviating some demand on the grid.
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- John Connolly
Author: Bryan Groenendaal
LONGi’s high quality solar panels are available through an extensive distributor network in Africa. Link to the LONGi distributor list: LONGi Distributors List – Africa
