---
title: "One of Australia\'s Largest Developers has Thrown its Hat in the Solar Ring with a $23.5 Million Investment in Commercial Solar Energy for its Chain of Shopping Centres. "
url: "https://halcolenergy.com.au/solar-news/one-of-australias-largest-developers-has-thrown-its-hat-in-the-solar-ring/"
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description: "Stockland’s Retail Centres are aiming to see ten of their outlets installed with PV solar panels which showcases the popularity of commercial solar energy."
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language: "en"
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summary: "Stockland\'s Retail Centres completed a $23.5 million investment in commercial solar energy, installing around 39,000 photovoltaic solar panels across ten shopping centres for a combined capacity of..."
last_modified: "2024-05-28T22:37:15+10:00"
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# One of Australia's Largest Developers has Thrown its Hat in the Solar Ring with a $23.5 Million Investment in Commercial Solar Energy for its Chain of Shopping Centres. 

![One of Australia's largest developers has thrown its hat in the solar ring with a $23.5 million investment in commercial solar energy for its chain of shopping centres. ](https://halcolenergy.com.au/wp-content/uploads/2018/03/One-of-Australias-largest-developers-has-thrown-its-hat-in-the-solar-ring-with-a-23.5-million-investment-in-commercial-solar-energy-for-its-chain-of-shopping-centres.--1024x682.jpg)

Stockland’s Retail Centres completed a $23.5 million investment in commercial solar energy, installing around 39,000 photovoltaic solar panels across ten shopping centres for a combined capacity of 12.3 MW. The 2018 rollout was one of the clearest signals that major Australian developers were closing the gap on solar adoption for large-scale retail assets.

The private sector is thought to be supporting a multi-billion dollar pipeline of solar projects with John Grimes, The Chief Executive of the Smart Energy Council, quoted within the Sydney Morning Herald as saying “the state is fast becoming a solar hub”.

Over the next decade Stockland is forecasting returns of 11.6% every year on its capital invested, proving that investing in solar energy is not only valuable for the environment but it also poses great benefits to business of varying sizes.

[Commercial solar power](https://halcolenergy.com.au/commercial-solar/) is particularly suitable for commercial use as the costs of the panels are often lower for buildings such as shopping centres and factories. These outlets are usually open during the day and therefore can enjoy the benefit of the daylight hours.

The [solar system](https://halcolenergy.com.au/solar-systems/) has already been in place for over a year at Stockland’s Wetherill Park shopping centre and has garnered enough power for 223 homes daily, supplying a quarter of its annual power requirement by generating 1.379 million kilowatt-hours of electricity.

Western Sydney is considered a growing solar hot spot with more than 13,600 businesses already having installed solar energy systems, proving they not only recognise the environmental benefits but the financial pros too. NSW Ministers are now trying to encourage small business owners to take the plunge which could see them enjoying savings of up to $3,570 dollars a year with the use of a 10 KW rooftop solar system.


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