Aberdeen has completed the installation of a 250 kilowatts peak Solar PV array on another investment property within its UK portfolio. The installation, comprising c.1,000 Solar Panels will provide c. 225,000 killowat hours (kWh) to Biffa Waste Services saving c.120 tonnes of carbon dioxide (CO2) annually.
This initiative forms part of Aberdeen’s global energy management strategy which includes plans to improve the sustainability and energy efficiency across its £10 billion UK property portfolio, incorporating around 800 properties/sites. Aberdeen is promoting low carbon energy generation with their tenants and funding the installation of Solar PV on suitable assets where it will be of direct benefit.
The 180,000ft² Industrial property in Edmonton is Biffa’s key waste recycling plant in London.
Aberdeen approached Biffa as part of its strategy to work closely with tenants to help them reduce their carbon emissions, improve the energy efficiency of the site and generate a sensible risk adjusted return on capital. Aberdeen’s strategy of improving the energy performance of assets will provide medium-long term mitigation against future legislation. In addition to this, Aberdeen believes that more efficient buildings, providing tenants with a lowered operational costs will enhance further the marketability of its properties, and as a result improve returns for our clients.
Biffa’s head of property, Nick Barsby, led the project on behalf of Biffa, commented: “The installation of Solar PV at one of our largest MRFs will enable us to make significant savings on carbon emissions while processing recyclables and is a great step forward for the business.”
Aberdeen engaged Syzygy Renewables, the UK’s leading renewable energy consultancy, to manage the project, which included producing feasibility studies, producing the technical specification and tendering the project. Syzygy will monitor and operate the facility
Dan Grandage, Head of Responsible Property Investment, comments: “This is a really important initiative and builds on the work that we have been doing for a number of years to improve the assets under our management. We see engaging with our tenants in this way, as a win-win for both parties –an income for our underlying clients, and lower energy costs for the tenant - and we intend to continue to work both with Biffa and tenants at our other sites on similar intiaitves.”
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Aberdeen Asset Management
Syzygy is the UK’s leading renewable energy consultancy. Their team specialising in the commercial real estate sector has advised on and project managed over 200 projects for a variety of the UK’s leading Real Estate investors. Syzygy manages the project for clients from initial feasibility, identifying and tendering to suitable contractors, construction management and delivering market leading ongoing monitoring and operation of completed assets.