Case studies

QSCF shopping centres target improvements in energy efficiency

QIC Global Real Estate is looking to deliver improvements in energy efficiency across its portfolio of Australian shopping centres via a $200 million senior debt facility from the Clean Energy Finance Corporation (CEFC).

A series of major energy efficiency and clean energy initiatives will be rolled out across the portfolio in the short and medium term. Although the shopping centres involved are of different ages and are at different levels of sustainability, QICGRE is targeting a 4-star NABERS rating across its portfolio within 5 years, which will translate to energy savings of between 30 and 40 per cent.

Any new major works on QIC's Global Real Estate shopping centres will be designed to a 5 stars NABERS energy rating, taking advantage of the latest energy efficiency and clean energy technologies to drive better performance.

Shopping centres have substantial energy needs. Their large floor space means requirements for lighting and air-conditioning are considerable.

While the energy efficiency targets will be achieved through strategies specific to each building, initiatives may include:

-        onsite rooftop solar PV

-        LED lighting

-        heating, ventilation and air-conditioning system upgrades

-        sub-metering and energy data monitoring systems to provide data to optimise energy management processes.

 The shopping centres involved in the program are:

SHOPPING CENTRE

LOCATION

Hyperdome

Logan, QLD

Robina

Gold Coast, QLD

Grand Central

Toowoomba, QLD

Noosa Civic

Noosaville, QLD

Castle Towers

Castle Hill, NSW

Westpoint

Blacktown, NSW

Woodgrove

Melton West, VIC

Watergardens

Taylors Lakes, VIC

Eastland

Ringwood, VIC

Canberra Centre

Civic, ACT

 

The CEFC has committed up to $200 million in senior debt to QSCF for the upgrade program to demonstrate how energy efficiency and renewable energy can help lead Australia to net zero carbon buildings. The CEFC's finance will encourage QICGRE to implement upgrades sooner than would have otherwise occurred.

The CEFC's finance for the QSCF is another example of its focus on clean energy solutions for Australian cities, as part of its Sustainable Cities Investment Program.