We're Installing Solar Panels!

Charter Hall Retail REIT (ASX: CQR) nationally have entered into a Solar Power Purchasing agreement providing a solar energy system across 28 shopping centres including Allenstown Square. 

The PPA partnership for Charter Hall retail shopping centres have entered into with Clean Peak Energy and Macquarie Group in conjunction with Solgen Energy Group, will help realise Charter Hall’s short-term sustainability targets and contribute towards our longer-term aspirations of net zero emissions.

The project will see Charter Hall install 21.5MHh of solar PV, with an expected generation of 32.6GWh of electricity per annum, across the 28 centres or a total of 9.4 hectares of solar panels. This is enough energy to power 4,300 homes across local communities, including 93 local homes in Allenstown.

Works will commence at Allenstown Square mid October, with a 9-week installation period, looking to complete the works by early 2021.   

Hayley Albertson-Hyde, Centre Manager of Allenstown Square states, “We will work with our partners to produce solar energy from our centre rooftop at a fixed rate. This long-term project will enable ongoing competitive market rates in a volatile electricity market to remain price competitive for the local community and our tenant customers.”

Charter Hall’s Sustainability Strategy, for the future, is designed to reflect how our business integrates our sustainability and community goals into our everyday business practices. Charter Hall has strong sustainability credentials with Australia’s largest cross-sector Green Star property portfolio footprint, which continues to grow as the Group’s office and industrial developments seek and achieve Green Star ratings.