Verdia chosen to fast track solar PV for Stockland

More than 35 of Australia’s top 200 users of electricity are now actively working with energy services company Verdia via their new accelerated business model to develop and install an estimated 130MW of behind-the-meter commercial solar PV systems.

Australia’s largest diversified property company, Stockland was the latest big business to announce its plan for a fast-tracked solar PV installation across properties in three states, in a move expected to cut annual onsite energy costs by up to 25 per cent.

In a deal announced this week, Stockland has chosen Verdia as their partner to develop and deliver Australia’s largest ever property commercial solar program over the next 12 months.

Verdia will manage Stockland’s solar PV rollout

Verdia CEO Paul Peters said large energy users were particularly vulnerable to high energy costs, creating a growing market for on-site solar generation and energy efficiency upgrades.

“Where it’s feasible, we’re also bundling in LED lighting upgrades to maximise energy reductions and cost savings.

“Even for the largest energy users, these sorts of projects are relatively new. They require specific expertise, the right resources and take time to manage. Verdia offers these skills and capabilities in a transparent, partnership-based package.

“Verdia helps large organisations turn around complex and multi-site energy savings projects in a much faster timeframe – often resulting in shorter pay backs periods of less than five years and at low implementation risk.”

Verdia has been working with Stockland on detailed site assessments, business case development, engineering, technical designs and network engagement. The program is now moving to delivery including a rigorous tender process for equipment and contractors and asset performance.

As part of the deal, almost 30,000 solar panels will generate enough electricity across nine shopping centre sites to power the equivalent of 2,485 average homes.

“The greatest value we bring via this agreement, is the ability to help Stockland deliver energy reductions across nine sites in just 12 months, significantly accelerating Stockland’s solar roll-out.

“With Verdia, everything is accelerated – energy savings, greenhouse gas reductions with risks managed along the way”