Ongoing loadshedding is affecting the commercial and industrial property markets in SouthAfrica. How can businesses can mitigate this impact? By joining the race to achieve NetZero ~
Ongoing loadshedding is affecting the commercial and industrial property markets in South Africa, and how businesses can mitigate this impact by joining the race to achieve net zero.
New industrial development rentals are higher than they have ever been. The data centre market is also experiencing growth and expansion, leading to largescale new developments which have dramatically increased land values in key industrial nodes. “However, the pendulum has started swinging again as several corporates are realising that collaboration, innovation, mentorship, and other critical measures of productivity require a physical presence. These companies are now moving towards a hybrid model while some are even reverting to office attendance five days a week.”
The steady increase in the cost of fuel in South Africa since 2016 is further exacerbated by the current war in the Ukraine and the world’s reliance on Russian energy. This, combined with global company and government commitments to achieving net zero, brings the use of generators for power resilience into question.
However, it requires large amounts of space and the lighter steel frames of existing industrial buildings do not always allow for roof-top solar. As such, a hybrid system of solar with battery backups for continual operations is more likely to gain traction. Furthermore, the ability to wheel ‘green power’ through the grid allows businesses to buy clean energy and pay wheeling costs to Eskom.”
“To reduce reliance on generator power, companies are prioritising their energy loads. For example, industrial businesses are reviewing their processes to take advantage of off-peak power and are replacing and upgrading older equipment. Eliminating non-essential power loads – such as not allowing equipment to run all day if it is only used part of the time – will also make a significant difference in this regard.
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