WESTFIELD STREAMLINES SOLAR PROGRAM FOR OPEX SAVINGS

December 12, 2017

Since the engagement began in early 2012, Westfield has moved forward with projects at five properties that will more than quadruple their solar energy production, slash utility bills and provide added sustainability benefits for tenants and customers. Between CAM electricity savings and the overhead costs recovered by partnering with Alta Energy, Westfield has already cut their OPEX by nearly $1 million per year, creating savings that contribute directly to the bottom line. By the end of 2018, their savings will total over $2 million annually, with over 10 MW of solar installed at 7 facilities across their portfolio. These installations will cut CAM electricity purchases by over 7% from 2016 and further differentiate Westfield’s brand as a leading innovator in the retail space industry.

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Soventix GmbH

SOVENTIX is a leading global project developer in the solar industry. The core business is the development, turnkey realization and financing of high-yield solar parks and hybrid plants for institutional and companies.

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