COLUMBUS, Ohio, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced as part of its sustainability efforts the completion of the solar panel system at Jefferson Valley Mall, located in Yorktown Heights, New York. The system is comprised of 2,746 photovoltaic (PV) modules, spanning more than 73,000 SF, offsetting approximately 22,190 tons of CO2 equivalent per year.
Under the terms of the agreement, Safari Energy developed, financed and built the project, with Washington Prime Group to purchase all the electricity generated by the system from Safari. The rooftop solar system at Jefferson Valley allows the Company to convert unused roof space into a productive source of energy for the center. While significant cost savings are not expected for Washington Prime Group or its tenants, the system is expected to generate over one million kilowatt hours of green energy per year, the lifetime equivalent of eliminating more than 40,000 barrels of oil.