Climate & Energy
Sparking Solar Savings
Oxford is committed to being a leader in the development and operation of energy efficient, low-carbon buildings. This brings both economic and environmental benefits, such as reducing the cost of electricity and focusing on carbon emissions reductions. These two factors, along with the significantly improved economics associated with rooftop solar power, ‘sparked’ Oxford’s pledge to create 1 million SF of rooftop solar by 2024.
To date, we have built over 200,000 SF of solar across our portfolio.
Our first significant solar project at Yorkdale Shopping Centre in Toronto features 600 rooftop solar panels, installed on 20,000 SF and generates over 230,000 kWh of clean electricity/year – equivalent to three months of interior and exterior lighting at the property.
Two buildings in Washington DC – 1101 New York Ave (office building) and Gallery Place (a mixed-use office/retail building) installed 10,000 SF and produce over 100,000 kWh combined annually. In collaboration with our partner New Community Solar, all the clean renewable energy produced from the solar panels is donated to low income households in the community via a credit of 50% off their monthly electricity bills.
In 2019, Oxford’s low-carbon energy, which comprises solar and other renewable energy sources, such as deep lake water cooling, geothermal, and clean grids, accounts for almost 9% of the total electricity usage across our global portfolio.