Creating a Brighter Future
Charter Hall Retail REIT (ASX: CQR) has entered into a Solar Power Purchasing agreement with Clean Peak Energy and Solgen, who will provide a solar energy system across 28 shopping centres including Allenstown Square.
The partnership with Clean Peak reached another exciting milestone in January with Allenstown Square Solar System ‘switching on’ the system.
Hayley Albertson, Centre Manager of Allenstown Square switched on the system on 18 January 2021. The Allenstown Square System consists of 1,260 panels (465kW). The project will see Charter Hall install 30.2GWh of solar generation capacity across the 28 centres or a total of 9.4 hectares of solar panels. This is enough energy to power 4,100 homes across the local communities, including 96 local homes in Allenstown.
Hayley Albertson states, “We know sustainability is important for our stakeholders, from investors and tenant customers to the communities we operate in. The partnership our retail shopping centres have entered into with Clean Peak and Solgen Energy Group will help the Group realise our short-term sustainability targets.
“The solar project also provides us with a deeper understanding of our energy demand profile and how to better manage electricity costs providing a high level of cost certainty in a volatile market for the Allenstown community.”
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.