Forum Castelo Branco reinforces its commitment to sustainability by reducing its energy dependence by 40%

The Forum Castelo Branco shopping center announced this Monday that it will reduce its energy consumption from the electricity grid by around 40% through the installation of a photovoltaic park with a total power of 512 kWp.

“This energy reduction will prevent the production of approximately 318 tons/year of CO2, equivalent to the annual consumption of 152 families”, highlighted the Forum.

In addition to reducing the grid's energy consumption, made possible through the installation of 940 photovoltaic panels, “the project also aimed to promote electric mobility for customers of the shopping center managed by Cushman & Wakefield (C&W) and owned by a fund managed by Square Asset Management”.

“With the implementation of six charging stations, which will join the two already existing ones, the power available to electric vehicle users will be increased sevenfold. Additionally, to ensure greater comfort and convenience for visitors, 200 covered parking spaces have been created,” he explained.

“Given the location of this facility, close to the border with Spain, Forum Castelo Branco becomes a strategic electric charging point, of great convenience, for those who make regular or occasional trips between the two countries” , commented Nuno Costa, manager of the Shopping Center. from the Castelo Branco Forum.

The official added that “ this project is a milestone in Forum Castelo Branco's ESG strategy and represents a clear commitment by its owners to decarbonization, energy transition and sustainability of its assets, as well as to strengthening the electric vehicle charging network, as a pillar of greener mobility”.

For Luís Castanheira, CEO of Mota-Engil Renewing: “Completing this project gives us great satisfaction and is a reflection of our commitment to modernizing infrastructure and driving the energy transition. This partnership allows us to create synergies that generate direct benefits for the entire community of Forum Castelo Branco, contributing to a more sustainable and efficient future.”

Nuno Nunes, CIO of Square Asset Management, the management company of the CA Património Crescente fund, said that “this project demonstrates our commitment to sustainability and creating long-term value for our investors. We are proud to contribute to a greener and more prosperous future for the Castelo Branco region.”