SM Prime Holdings, Inc. has invested $2 million to build solar panels in the roof of its mall in Xiamen, the first of its kind in China, in a bid to reduce greenhouse gas emissions.
The project involved the installation of 3,740 solar panels on the roof of SM City Xiamen Phase 1 and Phase 2 (SM Lifestyle Center). It has a total capacity of 1,100 kilowatt peak (KWp).
The average generated electricity of the project is estimated at 1.1 million KWh per year.
The total generated electricity of the 25-year life cycle will be approximately 27.5 million KWh.
“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. In line with this, we place strong emphasis in investing in the latest innovations in sustainable and energy efficient technology,” SM Prime president Hans Sy said.