Shopping centres use solar to generate more income

IN BRIEF: Fund manager Real Asset Management has entered into a long-term leasing deal with solar energy company Solar Bay to put solar on the rooftops of nine shopping centres owned by the company.

The deal is expect to generate as much additional income for the company as adding an additional speciality tenant in each mall, RAM’s head of real estate Will Gray told the AFR. The deal will also keep the costs of occupancy down for tenants.