ESR Logistics Facility – Beijing
This warehouse implemented Seeder’s zero-cost solar and locked in a 12% reduction in their electricity cost without spending any money out of pocket.
Project Overview
The facility, which is located in Beijing’s Tongzhou district is currently leased to logistics provider Sino-Trans & electronics retailer Suning. The 248 kw solar-energy system that covers 2,000 square meters (21,528 square feet), reduces energy costs and carbon footprint. And according to e-Shanng Redwood “As well as creating revenue streams from otherwise underutilized areas and in-line with incorporating sustainable practices into the industrial facilities we develop, the solar panels generate clean energy, reduce environmental impact, energy expenses and greenhouse gas emissions.”
Client Challenge
In-line with its commitment to environmentally sustainable development and operations, the e-Shang Redwood warehouse developers came to Seeder to help sort through all of the options for solar, identify the best solar providers and off-balance sheet financing options to eliminate the up front costs.
275,000
kWh produced per year
July 2015
Construction Date
2000 m²
Roof-Top Area
12%
Savings on their electricity price
Long-term Savings
The benefits of solar are clear and is now improving their bottom line for the next twenty years. Solar is now part of their regional initiative to reduce energy costs and lower the carbon footprint of their warehouse facilities, inline with their investor requirements.
Benefits & Drivers
Michael De Jong-Douglas, managing director at e-Shang Redwood, said the firm’s institutional investors also are starting to ask about such efforts before investing in projects. “Having environmentally sustainable features is seen as a competitive advantage,” he said. “The Beijing project is the first of many for Redwood nationally, solidifying our pioneering commitment to sustainable logistics buildings in China as elsewhere in Asia.”
