Client Success Story

One of Australia’s largest solar PV programs delivered for Stockland

The Client

With 29 properties and 40 shopping centres, Stockland is one of the largest diversified property groups in Australia – owning, developing and managing a large portfolio of retail town centres, workplace and logistics assets, residential communities and retirement living villages.

Executive summary

Verdia has delivered one of Australia’s largest commercial rooftop solar PV programs for retail and residential property group Stockland – one of the world’s most sustainable property companies. The program involved the installation of almost 30,000 solar panels across 15 retail shopping centres, producing 14.5 gigawatt hours of electricity each year.

Key

project facts

30,000

Around 30,000 solar panels have now been installed across 49,000 square metres of roof space at nine retail shopping centres in Victoria, NSW and Queensland

The program is one of the largest in the country and was managed by energy efficiency business Verdia for Australian property group Stockland

12,772 t

The 10.4 megawatt systems were delivered over 12 months and are now producing 14.5 gigawatt hours of electricity a year, enough to power 2,485 homes, and helping to reduce greenhouse gas emissions by 12,772 tonnes CO2

Sustainability in action

Stockland is one of the largest property owners, developers and managers in Australia with a portfolio of 40 shopping centres valued at approximately $7.3bn. It has been named the most sustainable real estate company in the world by the Dow Jones Sustainability Index and was last year acknowledged by the NSW Office of Environment and Heritage for a decade of sustainability leadership.

Stockland has set a target of a 60 percent reduction in carbon emissions by FY25 from its commercial property portfolio. Verdia was engaged as Stockland’s delivery partner for its solar energy program to help it meet these ambitious energy reductions, while also reducing energy costs and ensuring a high rate of return on its investment.

Verdia delivered the program across several Stockland sites

Verdia was tasked with accelerating the program across a large number of sites, without compromising safety and guaranteeing minimal disruption to its tenants and customers.

The last of the systems to be installed – a 1.63 megawatt array at Stockland’s Cairns centre – was commissioned this month, taking the total capacity from the program to 10.4 megawatts – enough electricity to power 2,485 homes a year.

The largest of the installations was the 1.81 megawatt system in Point Cook – which is now also the largest commercial rooftop solar PV system in Victoria. Shopping centres account for 36 per cent of commercial building energy consumption in Australia, according to the Clean Energy Finance Corporate.

However, in many cases they have a consistent design and flat roof space with fairly predictable electrical load, driven by air conditioning, lighting and refrigeration. This adds up to an excellent opportunity to reduce their energy consumption and costs by generating their power on site with solar PV.

Almost 50,000 square metres of commercial retail roof space

Verdia CEO Paul Peters said 150 installers, electricians and other contractors worked in three states over 12 months to deliver the program across almost 50,000 square metres of commercial retail roof space.

“There are some big rooftop solar PV programs in the pipeline acoss Australia, and each month we’re seeing more coming online, but this is very close to being the largest completed to date,” Mr. Peters said.

“It demonstrates what is achieveable now for commercial and industrial sized installations in Australia, particularly over such a short period to design, construct and commission.

“They will achieve on site energy reductions of between 24 and 42 percent, with an average return on investment for Stockland of 11.6 percent over a 10 year period. We’ve learnt so much from the program and kept on improving as we delivered. It was an important project for Stockland, and we were very proud that Verdia could play a significant role in delivering it.”

Client testimonial

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