Vicinity Centres is a property management firm that manages many well known buildings.
100% Renewable Electricity Commitment by 2030
Vicinity has made a public commitment to achieve net zero emissions by 2030, and have stated to Greenpeace Australia Pacific that this also includes a 100% renewable electricity goal.
Power Purchase Agreement
Given its extensive rooftop space as a major property owner, Vicinity’s strategy is to meet its net zero carbon target through a mix of energy efficiency initiatives and on-site solar, rather via a corporate power purchase agreement.
In 2018, Vicinity announced a $73m investment into on-site solar in two stages which will deliver approximately 30MW capacity once complete. It is in the process of building a large solar shaded car park with more than 2,000 spaces across three shopping centres. Vicinity is also trialling innovations in renewable technology including bi-facial solar panels and solar glass.
Company Pollution Information
Vicinity ranked #94 on the list of the largest electricity users in Australia in 2018-19.
Property and Infrastructure