Washington Prime Group Adheres to Solar Rooftop Systems
The retail REIT signed agreements with Safari Energy for the installation of 2.3 MW of solar arrays at coastal state shopping malls.
Image via Pixabay
Washington Prime Group has entered into agreements with Safari Energy to install solar panels on the rooftops of Jefferson Valley Mall and Weberstown Mall in Yorktown Heights, N. Y. and Stockton, Calif., respectively. The arrangements are part of the retail REIT’s sustainability efforts.
Under the terms of the agreements, Safari Energy will develop, finance and build the projects and all the electricity they generate will be purchased by Washington Prime Group. These systems mark the first rooftop solar installations the REIT is using, but the two companies are working together to explore additional solar opportunities at other town centers.
The Jefferson Valley Mall will host an approximately 1,100-kilowatt rooftop solar system, which is currently being installed. The Weberstown Mall will hold a 1,300-kilowatt project, anticipated to be installed in 2020. The systems combined are expected to generate more than 2.5 million kilowatt-hours of clean energy per year, the lifetime equivalent of eliminating more than 80,000 barrels of oil.
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