12 shopping malls in Arizona, California, New York and Connecticut are getting solar PV over the next year, as part of real estate owner Macerich’s corporate sustainability efforts.
Panasonic is developing the 12 megawatt solar project, which is financed and owned by Panasonic’s financial platform partner, Coronal Management.
This is the first phase of a national solar strategy for Macerich, which owns 62 regional shopping centers across the country. The company is also focused on energy and water efficiency, green building and renovation, and green operational practices and procurement for its malls.
"Our partnership with Panasonic allows us to deliver on our commitment to sustainability with a large-scale solar program that is environmentally responsible and delivers attractive financial returns: it’s just good business," says Jeff Bedell, Vice President of Sustainability for Macerich.
Some of Macerich’s shopping centers are:
Its open-air shopping destination in Santa Monica, California, Santa Monica Place, is LEED-Gold certified. They recycled the existing structure into an indoor mall and outdoor center, which minimizes energy use through energy management and submetering. The mall has water-efficient landscaping, a green roof, among its green features.