Quantcast
Latest Stories

SM Prime taps solar power for Xiamen mall

By

MANILA, Philippines–Property giant SM Prime Holdings Inc. has harnessed solar power for its shopping mall in Xiamen, pioneering such strategy in this city in the Fuijian Province of China, citing a commitment to reduce greenhouse emissions and optimize energy efficiency in its malls.

SM Prime announced on Monday that it had built a 1.1-megawatt rooftop solar power project in its Xiamen mall, the first and the most mature shopping mall in the group’s growing portfolio in mainland China.

The project involved the installation of 3,740 solar panels on the roof of SM City Xiamen Phase 1 and Phase 2 (SM Lifestyle Center), with a total investment of 13.2 million renminbi(RMB) or $ 2 million.

The total capacity of the SM Xiamen Rooftop Solar Power Project is 1,100 kilowatt peak (KWp).The average generated electricity of the project is estimated at 1.1 million kilowatt hour(KWh) per year. The total generated electricity of the 25-year life cycle will be approximately 27.5 million KWh.

“SM Prime is constantly in pursuit of the highest level of operational efficiency. We want to significantly reduce greenhouse gas emissions and operating costs by minimizing electricity consumption. In line with this, we place strong emphasis in investing in the latest innovations in sustainable and energy efficient technology,” SM Prime president Hans Sy said in a press statement.

Aside from SM City Xiamen, SM Prime has introduced a thermal energy storage plant in SM City Jinjiang. This ice-based cooling system fosters a large reduction in the mall’s utility and energy bills and greatly optimizes energy efficiency.

SM Prime operates 47 malls all over the country with a combined gross floor area of 5.9 million square meters.

For the rest of 2013, SM Prime is scheduled to launch SM City BF Paranaque. SM Megamall will be expanded with the opening of Building D. By year-end, SM Prime expects to have 48 malls in the Philippines and five in China with an estimated combined gross floor area of 6.9 million square meters.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , China , shopping malls , SM Prime Holdings , solar power , Xiamen

  • Nic Legaspi

    “SM Prime is constantly in pursuit of the highest level of operational efficiency.”

    Apparently not in SM’s home country…

  • Roland_F

    And why not in the Philippines ??
    This investment amount is a tiny pocket money for the richest person of the Philippines, so why are the shopping malls of the few oligarchs HERE not having any solar panels installed, solar water-heaters and solar aircons here in this tropical climate ??

    No nothing, the torching sun is heating up the concrete roof instead solar panels shading it, many malls have even huge areas of glass roofing, which are heating up the building like a greenhouse — and gigantic aircons sucking in electricity more than a whole village have to cool down this mall.

    After Robinson mall (glass & concrete roof instead of solar) opend in PP-City, the entire Palawan electricity grid is frequently crumbling under the intense load, especially on hot sunny days.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Easterlies to prevail in Luzon, Visayas
  • Lacson eyes P106-B ‘Yolanda’ rehab masterplan
  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • No tourist draw, Malang the croc will remain wild
  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • Apple increases stock buyback, will split stock
  • Cost-recovery provisions for affected gencos urged
  • This time, BIR goes after florists
  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Technology

  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • Filipinos in Middle East urged to get clearance before returning
  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Marketplace