McCormick Property Development has added another first to its portfolio, with the commissioning of its first rooftop photovoltaic system at its “Olievenhout Plaza” in Olievenhoutbosch, Gauteng.

The solar system forms an integral part of the company’s long term sustainability strategy and is the pilot for what will become a standard in all McCormick’s developments going forward.

The system is expected to produce around 50% of the Mall’s daytime electricity consumption and around 30% of the Malls total electricity consumption.

It is a 900 kWp system and forecast generation at Olievenhout Plaza is 1,525 MWh of electricity per year with a reduction of 1,500 tonnes of CO2 per year.

“One of the major goals of this project is to gather sufficient production data to build the financial models to allow the roll out of solar power plants across our portfolio. Whilst the ultimate aim is to vastly reduce our carbon foot print, another principle benefit will be to our individual tenants,” explains MD of McCormick Property, Jason McCormick.

“This is the first step in a journey to assist in managing the total “cost of occupancy”. Ultimately, we hope to fix escalations of a portion of utility costs so that our tenants can build their own financial models with a greater degree of certainty, given the current environment of massively increasing utilities and rate costs.”
ENDS