Creating a Brighter Future
Charter Hall Retail REIT (ASX: CQR) entered a Solar Power Purchasing agreement with Clean Peak Energy and Solgen, who are providing a solar energy system across 28 shopping centres including Bateau Bay Square .
The partnership with Clean Peak reached another exciting milestone last year with Bateau Bay Square Solar System ‘switching on’ the system.
Monica Morlin, Centre Manager of Bateau Bay Square, alongside Clean Peak Energy and Solgen representatives switched on the system on 30th June 2020. The Bateau Bay System consists of 5,000 panels (560kW). The overall Charter Hall project will see installation of 32.6GWh of solar generation capacity across the 28 centres or a total of 9.4 hectares of solar panels. This is enough energy to power 4,300 homes across the local communities, including 1,200 local homes on the Central Coast.
Monica Morlin states, “We know sustainability is important for our stakeholders, from our investors to tenant customers in 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 Bateau Bay 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.