V&A Waterfront signs wind, solar offtake deal with Etana Energy

The V&A Waterfront mixed-use destination in Cape Town has agreed to procure 43 GWh of wind and solar power per year from South African energy trader Etana Energy.

The 10-year power purchase agreement (PPA) is set to come into force by early 2026. The contract secures up to 70% of the V&A’s energy needs and advances the company’s strategy to achieve net-zero carbon emissions by 2035.

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“With the addition of the Waterfront’s rooftop solar installations almost 80% of the neighbourhood’s electricity will come from renewable sources when the Etana agreement becomes operational,” V&A Waterfront noted in a recent statement.

V&A is a 123-hectare mixed-use development that houses residential and commercial property, hotels, retail districts, dining, leisure and entertainment facilities.

At the beginning of 2024, Etana signed a similar deal with South African real estate trust Growthpoint Properties Limited, the joint owner of the V&A Waterfront with the Public Investment Corporation. The Growthpoint contract is for 195 GWh of renewable energy annually.