Wednesday, June 18, 2025

Retail real estate taps solar to cut costs and carbon

Greenvolt Next UK has partnered with MDSR Investments to deliver rooftop solar installations at two shopping centres in the UK, aiming to cut emissions and energy costs across the property group’s portfolio.

At Weston Favell Shopping Centre in Northampton, 848 panels will be installed, delivering 381kWp of capacity and supplying around 26% of the centre’s projected annual energy consumption. Birchwood Shopping Centre in Warrington will feature 452 panels, providing 200kWp and covering roughly 29% of its annual demand. Combined, the two systems are expected to offset over 145 tonnes of CO annually.

Both installations are being delivered under Power Purchase Agreements (PPAs), enabling MDSR to benefit from on-site renewable energy without incurring upfront capital expenditures. The agreement builds on Greenvolt’s earlier solar deployment at MDSR’s Nova Arcada shopping centre in Portugal.

Greenvolt Next UK, launched in 2024 and headquartered in Warrington, aims to have a project portfolio of 100 MW by the end of 2025. The firm is part of the wider Greenvolt Group, which operates across 12 European markets and has also expanded into utility-scale solar and battery storage in the UK.

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