Giant mall developer SM Prime Holdings Inc. has installed solar panels with a total capacity of 1.1 megawatts (MW) in its mall in Xiamen, China, which forms part of the firm’s plan to attain energy efficiency in its malls.
“SM Prime is constantly in pursuit of the highest level of operational efficiency. We want to significantly reduce greenhouse gas emissions and operating costs by minimizing electricity consumption,” Hans Sy, SM Prime president, said.
“In line with this, we place strong emphasis in investing in the latest innovations in sustainable and energy efficient technology,” he added.
The mall developer said that the project will require the installation of 3,740 solar panels on the roof of SM City Xiamen and the SM Lifestyle Center, with a total investment of 13.2-million Renminbi, or $2 million.
The total capacity of the SM Xiamen Rooftop Solar Power Project is 1,100-kilowatt peak, with yearly average generated electricity estimated at 1.1 million kilowatt hour (KWh).
The total generated electricity of the 25-year life cycle will be approximately 27.5 million KWh.
Earlier, SM Prime introduced a thermal energy storage plant in SM City Jinjiang also in China.
According to the firm, the thermal energy storage plant involves an ice-based cooling system that fosters a large reduction in the mall’s utility and energy bills, and greatly optimizes energy efficiency.
SM Prime currently operates 47 malls with a combined gross floor area of 5.9 million square meters. For the rest of 2013, SM Prime is scheduled to launch SM City BF Parañaque. SM Megamall will also be expanded with the opening of Building D.
By yearend, SM Prime will have 48 malls in the Philippines and five in China with an estimated combined gross floor area of 6.9 million square meters.