Equity One, Inc. and Shaw”s Supermarkets Announce Commission of Solar Rooftop Array at Equity One”s Webster Plaza

The array includes approximately 750 solar panels that generate approximately 226,000 kWh of solar energy each year. From a sustainability perspective, this project is estimated to reduce 179 tons of carbon emissions per year, equivalent to removing 31 cars and light trucks from the road or planting 35 acres of forest each year.

“We are excited to launch our solar initiative with Supervalu and are very pleased with the advancement of our sustainability initiatives,” said Jeff Olson, Chief Executive Officer of Equity One. “This program allows us to provide electricity to our tenants at a discount while simultaneously generating attractive returns for our investors.”

“Shaw’s is committed to environmental stewardship and we are pleased to have worked with Equity One on the installation and activation of these solar panels at our store,” said Larry Wahlstrom, president, Shaw’s. “We look forward to working with Equity One on the continued development of these types of sustainable initiatives.”

SUPERVALU was recently awarded with the Environmental Protections Agency ‘s GreenChill Distinguished Partner Award, its “Best of the Best” (Certified Store) Award for SUPERVALU’S new Chestnut Hill Star Market (Chestnut Hill, MA) and the Environmental Achievement Award for achievement of the company’s annual environmental goals. SUPERVALU also recently announced collaboration with the World Wildlife Fund where the company pledged to cut its emissions of greenhouse gases by 10 percent by the end of 2012.

Shaw’s, Osco and Star Market are a division of SUPERVALU INC. Shaw’s is one of the oldest continuously operated supermarkets in the United States with its roots dating to 1860. Throughout five New England states, there are 175 store locations employing approximately 25,000 associates.

American Capital Energy is the premiere national solar engineering, procurement and construction contractor and solar developer in the United States. Specializing in large complex roof and ground mounted systems, ACE designs, finances, installs and implements solar systems for commercial and utility clients. Founded in 2005, the company has installed more than 30 MW of PV in seven states