CASE STUDY - UTILITY & RENEWABLE PROCURED ENERGY

RENEWABLE PROCUREMENT

SRP: A BLUE-SKY SOLUTION FOR ACHIEVING PURCHASED RENEWABLES GOAL

In April 2022, Arizona’s 100-megawatt Salt River Project (SRP) Central Line Solar plant began operations. Macerich will purchase 8% of the plant’s power, reducing our fossil fuel use in Arizona by almost 20% and advancing our path to carbon neutrality by 2030.

In its first year of operations, Macerich received 2.5 million kWh of clean energy monthly from SRP, helping power eight Arizona properties. The solar allotment reduces each property’s carbon emissions and is traceable by asset. Notably, the agreement doubled Macerich's purchased renewable utility power across our portfolio and played a crucial role in achieving our 2022 purchased renewable energy goal.