Glimcher Realty Trust, a retail real estate investment trust, will build a 4.8 MW rooftop photovoltaic array at Jersey Gardens in Elizabeth, N.J.
The solar array is expected to generate enough power to offset 11% of the electrical consumption of the mall. Jersey Gardens, with 1.3 million square feet of leasable space, is one of the largest properties in Glimcher's regional mall portfolio.
Glimcher has entered into a power purchase agreement with Clean Focus Corp. under which Clean Focus will finance and own the system. All solar renewable energy credits and environmental benefits associated with the system will be owned by Clean Focus. Jersey Gardens will buy the electricity at a predetermined price.
The solar system will be designed, installed and maintained by SunPower Corp. It is expected to be completed in August, and SunPower plans to begin installation this month.
SOURCE: Glimcher Realty Trust