Rockspring Completes Solar Project at Essex Shopping Centre

Rockspring Property Investment Managers (“Rockspring”), in joint venture with Ellandi LLP, and in association with Syzygy Renewables, today announces the completion of a Solar PV project at its recently acquired Grays Shopping Centre in Essex.

Planning has also been secured for solar projects at two of Rockspring’s other retail assets; The Dolphin Centre in Romford, and The Marlands Shopping Centre in Southampton.

The scheme, which is one of the first of its kind in the UK, comprises approximately 200 solar panels covering a space of 15,000 sq ft, on the roof of the shopping centre which, when operating, will produce around 45,000kWh’s (kilowatt hours) per year, saving circa 600 tonnes of CO2 during the life of the project. The scheme is also set to deliver approximately 50% of the energy needed to light the centre’s car park which, under current health and safety regulations, is required to provide 24 hour lighting.

The project follows the completion of Rockspring’s 1.6MW Westcott Solar Park in June last year. Located on a former World War II airfield at Westcott Venture Park in Buckinghamshire, the Solar Park produces around 365,000 kWh’s (kilowatt hours) per year, saving 70 tonnes of carbon and enough energy to provide over 15% of the electricity consumed by the 60 plus companies located on the business park.
Commenting on the installation of the solar project, Richard Bains, European Director at Rockspring, said:

“The introduction of solar panels at Grays Shopping Centre further demonstrates Rockspring’s ongoing efforts to reduce the environmental and social footprint across its portfolio. As one of the UK’s leading fund managers, we recognize our responsibility to minimize the environmental impact of our assets, and believe that one of the obvious ways to do this is through on-site generation. This not only reduces our carbon footprint, it also saves us money and gives us a sensible return on our investment.”

“Having received planning for a further two schemes at Southampton and Romford, we look forward to starting work on site next week, working with our joint venture partner, and alongside Syzygy, who are also scoping a further five projects across our multi-let office portfolio.”

Mark Robinson, Founder of Ellandi, added:
“We worked up the project with Syzygy and we realised this was a great opportunity to demonstrate our commitment to sustainability, reduce the centre’s overheads and enhance the return on our partner’s investment. Happily Rockspring agreed with us and funded the project.”

John Macdonald-Brown, Founder of Syzygy Renewables, said:
“Rockspring and Ellandi were both great clients, they made decisions quickly and committed to the project from the outset. When we were faced with a little added pressure from HM Government, the timelines became significantly compressed – collectively we managed to achieve the objective and complete the project on time and on budget. It is also performing well ahead of target which is really pleasing.”

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