SCA Property Group is excited to announce financial approval for an initial $12 million investment into on-site solar electrical generation.
With an initial focus on Western Australia, the investment will generate 7.5Mw of renewal energy on-site across six shopping centres including Currambine, Kalamunda, Kwinana, Stirling, Treendale and Warnbro. The solar will be added to existing embedded networks on-site.
“SCA Property Group is working with our retailer partners to add value to their retail business operations,” said SCA Property Group’s Chief Operating Officer, Michelle Tierney. “It is great that our retailer partners will benefit from energy sourced from renewables and gain added business benefits by the addition of solar generation on to the existing embedded networks.”
“We are strategically deploying capital in smart ways that bring value to our partners, our operations and with a conscious mindset to adopt energy generation from renewable sources,” said SCA Property Group CEO, Anthony Mellowes. “As Australia’s largest owner of neighbourhood and convenience-based shopping centres, we are very excited about our upcoming annual report, where we will make announcements for our future ESG commitments.”
SCA Property Group National Sustainability Manager, Tim Weale said: “We may not be the first property group to make a financial commitment to renewable energy for on-site solar generation, however we have big aspirations! As the market moves toward a carbon zero economy, this is just the beginning of a number of important operational and strategic investments that SCA will make in the coming years.”
SCA Property Group is working with the Republic of Everyone and Cundall to evolve its ESG Strategy, associated report and pathway to ensure match fitness in a carbon net zero market. These commitments will be announced in August 2021.