Press

Redevco’s solar park grows further thanks to partnership with Carrefour

June 30, 2022

Brussels, 30 June 2022 – Redevco, one of Europe’s largest private real estate players, aims in the coming years to install solar panels on all available roofs of the retail parks it manages in Belgium. It involves at least 200,000 square meters of suitable (roof) area for 32 MWp (megawatt peak) of PV installations producing green power for local tenants. This corresponds to the annual electricity consumption of 7,770 households* and an annual saving of 4.582 tons of CO2.

Redevco’s solar park currently has 33 individual installations with 12,700 operational solar panels that all together have a peak capacity of 4.8 MW. By the end of this year, an additional 6.7 MWp should be added to provide green power to local tenants. To achieve this objective, an agreement has now also been reached with Carrefour to install this year 7,700 solar panels on the roofs of four hypermarkets in Borsbeek, Drogenbos, Korbeek-Lo and Mechelen-Zemst.

Filip de Bois, Portfolio Director at Redevco Belgium: “We have already concluded some 60 solar contracts with 26 different tenants. We are happy to include our major tenant, Carrefour, and our aim is to eventually equip all 47 Carrefour super- and hypermarkets on Redevco sites with solar panels. This is an important milestone in Redevco’s Mission 2040, the ambition to make our portfolio carbon neutral by 2040.”

François-Melchior de Polignac, CEO at Carrefour Belgium: “We are very pleased that, after our store in Koksijde last year, this year four hypermarkets will be able to benefit from local green electricity thanks to Redevco’s solar project. These solar panels would cover 20 to 30% of the store’s electricity consumption. This is fully in line with our ambition to work only with renewable energy by 2030.”

Scheduled for 2022 are still 30-40 individual solar installations across 9 locations: including Borsbeek (5 tenants) and The Leaf Shopping Ternat (11 tenants). At Shopping Cascade in Drogenbos (11 tenants), the last square meters of roof space will soon be completed with solar panels so that the tenants there can make use of more than 5,000 kWp of locally generated green energy.

Andrew Brenninkmeijer, Asset Manager and Project Manager for Project Solar: “The objective is to have 75 individual PV installations or 32,000 solar panels in operation by the end of this year that together generate 9,775 MWh of green electricity annually, which is the equivalent of an average annual electricity consumption of 2,800 families. This ambitious goal can only be achieved through close cooperation with our tenants. We have already concluded solar contracts with Carrefour, Brico, Lunch Garden, Auto 5, Krëfel, Pizza Hut, C&A and many other tenants. They share our vision for sustainability and want to actively contribute to it.”