MERLIN Properties Annual Report 2019 / English

70 | Annual Report | 2019 Generation of photovoltaic electricity in MERLIN’s assets MERLIN is also committed to the production and self-consumption of renewable energies and therefore, has installed photovoltaic panels in its assets. In addition to using the energy generated in these facilities in its own assets, part of this energy can be fed into the grid. This enables the company to improve the terms of the electricity supply of its assets through Power Purchase Agreements (PPAs), under which MERLIN acts as the seller of electricity surpluses. Currently, three assets in the portfolio have installations of photovoltaic energy, representing a total of 2,287 GJ in renewable electricity production while a photovoltaic energy installation is being added to the Aguamarina building. Additionally, a pilot project is being developed at the logistics asset in Meco, that will include the installation of 600 kW photovoltaic panels. This project is the first step in turning MERLIN into the largest promoter of self-generation of the sector in the future. In order to achieve this objective, the Company is planning to invest a maximum of 45 million euros in order to extend this type of projects to an 80% of its logistics asset portfolio, reaching an installed capacity of a maximum of 75MW. Consumption of renewable electricity in MERLIN’s assets In its endeavour to reduce the environmental impact derived from its energy consumption, Electricity consumption in offices Electricity consumption in logistic assets Electricity consumption in shopping centres Absolute electricity consumption by asset category (GJ) Like for Like electricity consumption by asset category (GJ) 3 4 378,013 436,352 476,672 308,153 350,101 379,481 222,979 274,422 307,809 154,369 161,190 157,118 665 740 11,745 2017 2018 2019 2017 2018 2019 297,002 321,955 310,311 152,983 177,252 173,799 143,354 143,963 135,993 665 740 519 2017 2018 2019 360,909 401,384 398,844 205,875 239,454 246,651 154,369 161,190 151,674 665 740 519 2017 2018 2019 164,134 205,398 228,673 143,354 143,963 139,063 665 740 11,745 5 6 69,860 86,251 97,191 2017 2018 2019 63,907 79,429 88,533 2017 2018 2019 52,892 62,202 72,852 11,015 17,227 15,681 58,845 69,024 79,136 11,015 17,227 18,055 3 378,013 436,352 476,672 308,153 350,101 379,481 2,979 274,4 2 307,809 154,369 161,190 157, 18 65 740 1,745 2017 2018 2019 2017 2018 2019 297, 02 321,9 5 310,3 1 152,983 1 7,252 173,7 9 143,354 143,963 135, 93 65 740 519 2017 2018 2019 360,909 401,384 398,8 4 205,875 239,454 246,651 154,369 161,190 151,674 65 740 519 2017 2018 2019 164,134 205,398 28,673 143,354 143,963 139,063 65 740 1,745 5 69,860 86,251 97,191 2017 2018 2019 63,907 79,429 8,5 3 2017 2018 2019 52,892 62,202 72,852 1,015 17, 27 15,681 58,845 69,024 79,136 1,015 17, 27 18,0 5 3 4 0.053 0.059 0.0 3 378,013 436,352 476,672 308,153 350,101 379,481 222,979 274,422 307,809 154,369 161,190 157,118 665 740 11,745 2017 2018 2019 2017 2018 2019 297,002 321,955 310,311 152,983 177,252 173,799 143,354 143,963 135,993 665 740 519 2017 2018 2019 360,909 401,384 398,844 205,875 239,454 246,651 154,369 161,190 151,674 665 740 519 2017 2018 2019 164,134 205,398 228,673 143,354 143,963 139,063 665 740 11,745 5 6 69,860 86,251 97,191 2017 2018 2019 63,907 79,429 88,533 2017 2018 2019 52,892 62,202 72,852 11,015 17,227 15,681 58,845 69,024 79,136 11,015 17,227 18,055 Absolute fuel consumption by asset category (GJ) Like for Like fuel consumption by asset category (GJ) Fuel consumption in offices Fuel consumption in shopping centres