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Kennedy Wilson has installed 850 kWp of solar panels at one of its a UK office assets.

The US real estate firm installed solar PV across five office buildings at The Heights, Weybridge, near London. 

The project is forecast to generate over 736,000kWh of electricity in the first year.

Sam Cookman, director of property management at Kennedy Wilson, said: “We are very pleased with the results of the project so far and have plans to take forward similar projects at other properties we own.”

Knight Frank advised Kennedy Wilson on the project. David Goatman, partner and head of energy, sustainability and natural resources at Knight Frank, said: “The economics for such projects have changed dramatically over the past 12m and are now compelling from both the climate and financial return perspectives.”

Savills Earth has appointed Daniel Richardson to lead its solar consultancy service across the UK.

Richardson is based in Aberdeen but will cover the entire UK. He has a research background in renewable engineering and experience in the design, delivery and operation of solar PV systems, most recently with Powerstar and Styles & Wood Group PLC. 

Thomas McMillan, director of energy at Savills Earth said:  “With escalating electricity costs coupled with many companies setting net zero targets solar deployment has never been more important. Daniel’s appointment provides the Savills Earth with a solar specialist who can help get solar panels on roofs and in fields to meet these primary drivers.”

CBRE Investment Management has announced plans to develop solar projects across its global logistics portfolio.

The manager has joined forces with Altus Power, a clean electrification company, in the US and Europe to establish solutions focused on decarbonization and resiliency, including the development and installation of solar power generation, battery storage and electric vehicle charging systems.

CBRE IM has a logistics portfolio spanning 17 countries worldwide, with more than 600 assets totalling 200 million sq ft. 

“We are focused on deploying onsite solar projects across our logistics assets where viable in order to advance our sustainability goals and support the transition to clean energy,” said Chuck Leitner, CEO of CBRE IM.

“We look forward to expanding our relationship with Altus Power across core markets in the US and Europe as we scale to make our portfolio more resilient, profitable and sustainable.”

Earlier this year, CBRE IM announced its first agreement with Altus Power to build and operate a portfolio of rooftop community solar projects on logistics facilities in Maryland, US. 

Earlier this year, Trammell Crow Company, another CBRE subsidiary, announced a strategic partnership to bring Altus Power’s clean energy solutions to 35 million sqft of industrial assets in the company’s U.S. real estate development pipeline.

Logicenters has announced plans to install the largest solar park in the Nordics on the roof of a logistics centre near Stockholm.

The logistics specialist, a unit of investment manager NREP, will install solar panels on the roof of DLS Bålsta, which covers an area of around 80,000 sq m. The facility is expected to provide an output of approximately 8.9 MW at full operation, which corresponds to an annual production of 7,880 MWh and will allow the tenant, Axfood, to use renewable energy.

Energy will be provided to Axfood via a power purchase agreement whereby the company purchases all electricity produced over the next 25 years, with the opportunity to resell any surplus production.

Matthias Kettelhoit, CEO of Logicenters, said: “Logicenters has installed just over 20 PV projects, which we hope to double in partnership with our tenants. The rooftops of logistics properties provide a fantastic opportunity to save CO2 by becoming a significant producer of renewable electricity that can be used by both tenants and external parties, with surplus going into the grid.”

SP Setia has signed a memorandum of understanding (MoU) with Malaysia’s national electricity provider to add renewable energy solutions to the developer’s projects. 

The partnership with Tenaga Nasional Bhd will enable the installation of rooftop solar across SP Setia’s portfolio as well as ensuring upcoming residential and commercial development projects are ready to support the installation of battery solutions.

Listed developer SP Setia has 41 projects underway which could benefit from the partnership. Malaysia’s Net Energy Metering quota allows ‘excess’ electricity from solar panels to be exported back to the power grid. 

S P Setia president and chief executive officer Datuk Choong Kai Wai said: “We are pleased to sign this MoU with the national utility provider. This is an achievement in collaboration to provide sustainable energy solutions to our future property owners with the potential for significant savings in energy consumption as added value.”