July 16, 2013

SM Prime builds Xiamen’s first solar-powered mall

SM Prime Holdings Inc. has completed the $2-M, 1.1-megawatt rooftop solar power project in SM Xiamen, the first of its kind in Xiamen in China’s Fujian province. The mall developer said it installed 3,740 solar panels worth 13.2 M renminbi or $2 M on the roof of SM City Xiamen Phase 1 and Phase 2.

Aside from SM City Xiamen, SM Prime also put up a thermal energy storage plant in SM City Jinjiang. It allows the company to significantly reduce the mall’s utility and energy bills through the ice-based  cooling system.

By end-2013, SM Prime will have 48 malls in the Philippines and five in China, with an estimated combined gross floor area of 6.9 M sqm. including the opening of SM City BF ParaƱaque and expansion of SM Megamall. - WealthSec