27 August 2014

Kenya: Garden City Installs Mega Solar Project

DEVELOPERS of Garden City Mall have said they will install large solar panels on its car park canopy with a target to produce 1,246,000 kilowatt of energy annually and cut service charge for tenants.

The $250 million project along Thika Highway being financed by private equity firm Actis, with additional funding from the International Finance Corporation includes a 50,000 square metre mall, over 420 apartments, duplexes and villas, as well as office blocks and a public park once complete.

The entire Garden City project including both phases of the mall, all residential units, offices and hotel are expected to complete in 2017. However, the mall is slated for completion this year.

"We are taking a 360 degrees approach to ensure we are creating something which is both relevant to its surroundings and has as light a carbon footprint as possible," said Michael Kingshott, a director at Aspire, the UK-based property development firm managing Garden City.

The solar panels will be installed on the mall's roof, Kingshott said, during the fit-out phase, offering a shaded area for customer parking which also generates clean electricity.Developers of the project said it will reduce carbon dioxide emissions by at least 492 tonnes every year.

"We were looking for a turn-key solution that could produce clean power and pay for itself with the energy it produces. This solution not only takes advantage of Kenya's exceptional solar resources but also provides additional covered parking to customers of the Garden City Mall," said Koome Gikunda, Investment Principal at Actis.


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