Liberty Two Degrees (L2D) is compliant with the government-mandated Energy Performance Certificate (EPC) regulations following the certification completion of its office buildings in November 2022, ahead of the 7th of December 2022 deadline.
In compliance with the EPC mandate, all of Liberty Two Degrees’ office buildings have been certified based on the South African Building Standard 10400-XA:2021. The REIT’s certified office buildings include Atrium on 5th, Sandton Office Tower (measured as part of the Sandton City Precinct), Nelson Mandela Square Offices, Eastgate Office Tower, and Umhlanga Offices.
L2D’s portfolio energy consumption has been trending downwards compared to its 2018 baseline, driven by energy efficiency interventions such as improved HVAC operations to reduce demand, smart energy metering and ongoing energy-efficient lighting installations.
In achieving its Net Zero Energy target by 2030, L2D has implemented portfolio-wide energy-management improvements which will see the company increase its solar capacity, through the installation of additional solar photovoltaic (PV) panels.
“Our latest solar PV installation is a 1MW [AC] solar project at Promenade Mall in the Western Cape. Additional solar capacity of 4MW [AC] and 4.3MW [AC] of solar power has been earmarked for installation at Midlands Mall and Eastgate Shopping Centre respectively,” says L2D Head of Facilities, Martin Lamprecht.
Further solar projects at Sandton City, Botshabelo Mall and Promenade Mall will ensure that around 25% of L2D’s total consumption will be from renewable sources by 2024.