{"id":31919,"date":"2019-07-11T08:17:50","date_gmt":"2019-07-10T21:47:50","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=31919"},"modified":"2024-08-06T10:29:42","modified_gmt":"2024-08-06T00:59:42","slug":"vicinity-centres-zero-carbon-mb1130","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/vicinity-centres-zero-carbon-mb1130\/","title":{"rendered":"Vicinity Centres Announces Net Zero Carbon Target"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-31920\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/vicinity-solar-energy-1024x538.jpg\" alt=\"Solar energy - Vicinity Centres\" width=\"1024\" height=\"538\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/vicinity-solar-energy-1024x538.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/vicinity-solar-energy-300x158.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/vicinity-solar-energy-768x403.jpg 768w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/vicinity-solar-energy.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>Vicinity Centres has announced a net zero carbon target for its 34 shopping centres across Australia that will be achieved through solar power and energy efficiency.<!--more--><\/p>\n<p>The company says its 2030 net zero carbon aspirations will become the centrepiece of its commitment to long-term sustainability.<\/p>\n<blockquote><p>\u00a0\u201cAs Australia\u2019s second largest retail property company, we recognise the role Vicinity plays in transitioning to a low-carbon economy, and that\u2019s why our sustainability strategy is focused on delivering outcomes that are good for our business, the community and the environment,&#8221; <a href=\"https:\/\/www.vicinity.com.au\/media-centre\/media-and-news\/190807_net-zero-carbon-emissions-by-2030\">said<\/a> CEO and Managing Director Grant Kelley.<\/p><\/blockquote>\n<p>Vicinity Centers announced the goal as its $73 million solar energy investment program announced last year approaches completion. The initiative involved solar panel installations across 22 shopping centres in six states with a collective capacity of 31.8MW. 12 of these systems are already operating, generating more than 5 gigawatt-hours of electricity since being switched on. Once all systems are fully operational, Vicinity estimates the installations will collectively generate 48.5 gigawatt-hours annually.<\/p>\n<p>The program has occurred in two phases. In May 2018, the company <a href=\"https:\/\/www.solarquotes.com.au\/blog\/australian-shopping-centres-solar-mb0567\/\">announced $28 million would be invested<\/a> in PV installations at five of its shopping centres across South Australia and Western Australia. Then in September, an <a href=\"https:\/\/www.vicinity.com.au\/media-centre\/media-and-news\/180903_cranbrook-development\">additional ~$50 million<\/a> was earmarked for solar energy and other technologies to be implemented across a further 17 shopping centres throughout Australia.<\/p>\n<p>At that point, Vicinity projected its investment would generate an internal rate of return (<a href=\"https:\/\/en.wikipedia.org\/wiki\/Internal_rate_of_return\" target=\"_blank\" rel=\"noopener noreferrer\">IRR<\/a>) of approximately 12%, while reducing mains grid electricity consumption by up to 40%.<\/p>\n<p>Energy efficiency has also been important in emissions and electricity cost reductions for the company. Chief Strategy Officer Justin Mills said as a result of a portfolio-wide review of its energy consumption and subsequent improvements in lighting, air-conditioning and building performance optimisation, carbon emissions had been reduced by 14 per cent since 2016.<\/p>\n<h2>Solar Glass Trial Update<\/h2>\n<p>As well as <a href=\"https:\/\/www.solarquotes.com.au\/commercial-solar-guide.html\">commercial solar<\/a> on shopping centre rooftops, Vicinity is also <a href=\"https:\/\/www.solarquotes.com.au\/blog\/clearvue-solar-glass-mb0920\/\">trialing solar glass<\/a> at Warwick Grove Shopping Centre in Western Australia. The centre&#8217;s northern entrance door atrium was replaced with a similar design using 18 ClearVue PV panels. The ClearVue PV glass charges a battery to provide power for applications including lighting in the atrium and outside signage.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-31921\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/solar-glass-vicinity-1024x576.jpg\" alt=\"Solar glass trial - ClearVue PV\" width=\"1024\" height=\"576\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/solar-glass-vicinity-1024x576.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/solar-glass-vicinity-300x169.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/solar-glass-vicinity-768x432.jpg 768w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/solar-glass-vicinity.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>According to <a href=\"http:\/\/www.clearvuepv.com\/wp-content\/uploads\/austocks\/cpv\/2019_05_10_CPV_1557463800.pdf\">May update<\/a> from ClearVue PV, work on the solar glass project was completed by that month and was &#8220;operating as expected for this time of year&#8221;. Live monitoring reported on ClearVue&#8217;s web site indicates the installation has generated 76.67 kilowatt-hours of electricity so far &#8211; the monthly average at this point is 32.91 kilowatt-hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vicinity Centres has announced a net zero carbon target for its 34 shopping centres across Australia that will be achieved through solar power and energy efficiency.<\/p>\n","protected":false},"author":17,"featured_media":31920,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-31919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vicinity Centres Announces Net Zero Carbon Target - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Vicinity Centres has announced a net zero carbon target for its 34 shopping centres that will be achieved through solar power and energy efficiency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/vicinity-centres-zero-carbon-mb1130\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vicinity Centres Announces Net Zero Carbon Target\" \/>\n<meta property=\"og:description\" content=\"Vicinity Centres has announced a net zero carbon target for its 34 shopping centres that will be achieved through solar power and energy efficiency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/vicinity-centres-zero-carbon-mb1130\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-10T21:47:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-06T00:59:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/07\/vicinity-solar-energy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/vicinity-centres-zero-carbon-mb1130\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/vicinity-centres-zero-carbon-mb1130\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Vicinity Centres Announces Net Zero Carbon Target\",\"datePublished\":\"2019-07-10T21:47:50+00:00\",\"dateModified\":\"2024-08-06T00:59:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/vicinity-centres-zero-carbon-mb1130\\\/\"},\"wordCount\":417,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/vicinity-centres-zero-carbon-mb1130\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/vicinity-solar-energy.jpg\",\"articleSection\":[\"General Solar &amp; 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