Reflecting on PV Progress: Key Achievements of 2024
At ZDR Investments, sustainability remains at the core of our mission. In this brief summary, we share our 2024 achievements in photovoltaic installations, illustrating how we’re driving the transformation of our real estate portfolio into a greener and more energy-efficient future.
Among the many ESG initiatives we undertake at ZDR Investments, the most impactful and visible is the installation of photovoltaic (PV) systems on the rooftops of our robust commercial real estate portfolio. This is no surprise, as retail parks, being single-story buildings, typically have vast roof areas that are ideal for PV installations.
Our ultimate goal is to cover 200,000 sqm with photovoltaic systems, achieving a capacity of 13.9 MWp, generating 13 GWh per year, and saving approximately 1,440 tonnes of CO₂ annually—the equivalent of emissions produced by non-renewable energy sources. It’s an ambitious goal, but we are steadily making progress.
In 2023, we completed the “solar transformation” of our German and Austrian real estate portfolios. Early in 2024, we launched a pilot project in the Czech market, where we hold the largest share of our portfolio. Now that 2024 has concluded, we can proudly summarize our achievements in the PV field:
Photovoltaics Progress in 2024
- 8 PV installations completed
- 10,342 sqm of rooftop area covered with PV systems
- 1.86 MWp total installed capacity
- 1,771 MWh/year of electricity generated
- Energy savings equivalent to powering 500 households
This is a significant milestone, but much work still lies ahead. Follow our LinkedIn profile for future updates as we continue driving positive change!
Interested in learning about our progress in different areas? Check out our latest ESG update!
