Fiera Real Estate Completes Construction of Rooftop Solar Project

Fiera Real Estate Investments Limited (“Fiera Real Estate”) is pleased to announce construction of Phase 1 of the High Plains Solar Project, a 1.4-megawatt (MW) direct current (DC) rooftop solar installation located in Calgary, Alberta, has successfully been completed. This milestone underscores the Fiera Real Estate CORE Fund’s (“the Fund”) ongoing commitment to responsible investment while creating business value.

This installation will generate over 1,960,000 kilowatt-hours (kWh) of electricity annually. The renewable energy generated by the project will be sold into the province’s electricity pool and is expected to reduce emissions by 1,470 tonnes of greenhouse gas emissions annually while enhancing energy supply stability. The project contributes to reducing the carbon footprint of the Fund’s real estate portfolio while delivering long-term value for investors.

“This project is a significant step in our long-term decarbonization strategy,” said William Secnik, Senior Managing Director & Fund Manager. “By integrating renewable energy solutions into our properties, we not only enhance asset value through the direct sale of energy produced but also align with investor demand for sustainable investment strategies.”

The High Plains Solar Project represents the latest in a series of sustainability initiatives spearheaded by the Fund. These upgrades, combined with the deployment of solar energy, are pivotal in reducing both emissions and operating costs for tenants while supporting the broader transition to a low-carbon economy.

Phase 1 of the High Plains Solar Project sets the stage for additional renewable energy initiatives within Fiera Real Estate’s portfolio, as the firm continues to explore innovative solutions to drive sustainable growth and environmental responsibility.

The Fund has also begun Phase 2 of the High Plains solar project. Once completed, the project is expected to be the largest rooftop solar project built in Canada (measured by kWh produced) and offset approximately 15% of the Fund’s overall emissions.

 

 

 

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This document may contain “forward-looking statements” which reflect the current expectations of Fiera Capital and/or its Affiliates. These statements reflect current beliefs, expectations, and assumptions with respect to future events and are based on information currently available. Although based upon what Fiera Capital and its affiliates believe to be reasonable assumptions, there is no guarantee that actual results, performance, or achievements will be consistent with these forward-looking statements. There is no obligation for Fiera Capital and/or its Affiliates to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.