NOA Group will supply Old Mutual Real Estate's properties with wheeled renewable power.
Starting in 2026, this deal marks OMREHC 's first wheeling transaction and is part of a broader renewable energy strategy.
Under this wheeling agreement, OMREHC properties will receive renewable energy supplied by NOA, which is expected to meet 90% of the energy demand for the Eskom-connected portion of OMREHC's portfolio., according to Eskom, is the delivery of energy from a generator to an end-user via existing distribution or transmission networks.
Commenting on the transaction, OMREHC CEO Sakina Nosarka explained that sustainability and securing alternative energy sources are central to Old Mutual's strategy. "This wheeling agreement aligns perfectly with our commitment to climate-conscious practices that support a sustainable future, particularly given the energy challenges in our country.
OMREHC NOA Group Trading Eskom Sakina Nosarka Karel Cornelissen Old Mutual
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