Finland’s biggest PV rooftop installation on a shopping center realized through contracting

11/1/16, 2:00 PM -

Platinum LEED certified shopping centre Iso Omena in Espoo is realizing the largest PV plant in a Finnish retail property. The rooftop installation is financed through a contracting model. 

Shopping centre Iso Omena in Espoo, southern Finland: The PV plant`s yield especially copes with the high cooling demand in summer.

The approximately 2,000 solar modules are expected to produce around 460,000 kWh power annually. The power plant will provide solar electricity for up to 35 years.

Useful contracting model

The project will be implemented using the new solar electricity contract model. Solarigo Oy, which is acting as the partner to Iso Omena’s owner Citycon, will invest in the solar electricity plant and take care of the system’s planning, installation and operation throughout the entire contract period. Citycon will purchase the solar electricity produced by the plant owned by Solarigo, which will be used to meet Iso Omena’s energy demands.

Cope with the high cooling demand in summer

“Solar electricity is an excellent fit for Iso Omena’s electricity acquisition as its production is at its greatest on sunny summer days when the need for cooling energy is most needed in the premises. The Iso Omena extension has been granted the highest possible platinum-level LEED environmental certification. This solar electricity contract is yet another indication that we are attempting to reduce our environmental load by increasing the share of green electricity in the energy we purchase,” says Sanna Yliniemi, Commercial Director at Citycon.

Citycon Oy is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions. The company manages a property portfolio that totals approximately EUR 5 billion and its shares have a market value of approximately EUR 2 billion. (HCN)

Related news: