Where the constraint is substation capacity and space, adding supply behind the meter is worth more than adding import. Paired with the storage CQR is already installing, a canopy defers the network upgrade rather than waiting on it.
Seventy-two per cent of centres with suitable roof space already have an array, and capacity went backwards on divestment before recovering. The canopy is not constrained by roof structure, roof age or roof plant.
CQR has committed to halving downstream tenant emission intensity by 2030 against FY22, and 80% of the group's onsite solar already supplies tenants. Canopy generation sold behind the meter to the majors is the same mechanism, at a larger scale.
Covered parking is a visible shopper amenity: protection from sun, heat and hail, a better arrival, and support for dwell time, foot traffic and tenant retention across a portfolio taking 130 million visits a year.
CQR has operated at net zero Scope 1 and 2 since 1 July 2025, delivered through onsite solar, the ENGIE renewable supply agreement and nature-based offsets, with the group stating an intent to reduce its dependency on those offsets. Group-wide the target is 110 MW of solar by 2030 against 86 MW at FY25, and the stated route is logistics development plus the existing portfolio. Onsite generation is what closes both gaps: it displaces offsets in the CQR position and it adds megawatts to the group number.
The constraint Charter Hall has published is specific. EV charging at eight centres and 70 bays came in behind target because of asset sales and the capital required to upgrade substation infrastructure at assets with limited space. Battery storage has grown faster than solar, from 11.3 MWh at six sites to 14.7 MWh at eight in six months, with more applications in progress. A car park canopy generates on the site that consumes, on land the centre already holds, and it turns that storage from a network asset into a solar asset.
These are not desktop guesses. Each canopy below was drawn to scale on the site's actual car park and priced through our engine. Figures are preliminary, ex-GST, subject to site assessment. Across these 3: 8.4 MWp, about 11.3 GWh a year generated on site, for roughly $14.7M of base scope.
Canyon Solar factory-builds solar canopies that turn large car parks into onsite power generation and shade. We have delivered them for Woolworths, across six sites, and for IGA, AstraZeneca and CSIRO. The canopy below sits over a supermarket car park, the same convenience format that anchors CQR's portfolio.
For the main lots, the standout design is the Grand Canyon: a continuous, full-coverage canopy with no gaps over the driving lanes. It gives the highest solar density in our range and a clean roofline that makes the car park look like a designed part of the centre, not an afterthought.
Beyond the centres drawn above, we screened the convenience portfolio for supermarket-anchored centres with large at-grade car parks. Together the 44 centres represent roughly 47.2 MWp and $97-115M of indicative solar canopy, a programme that can be staged centre by centre. CQR does not publish lettable area asset by asset, so these are class-based estimates and each one is confirmed on aerial before it is priced.
| Site | Location | Anchors | System | Indicative |
|---|---|---|---|---|
| Salamander Bay Square Drawn & priced | Salamander Bay, NSW | Woolworths, Coles, Kmart | 3.61 MWp | $6.22M |
| Singleton Square Drawn & priced | Singleton, NSW | Woolworths, Coles, Big W | 1.40 MWp | $2.56M |
| Gateway Plaza Drawn & priced | Leopold, VIC | Coles, Aldi, Kmart, Bunnings | 3.40 MWp | $5.88M |
| Bass Hill Plaza Desktop | Bass Hill, NSW | Woolworths, Aldi, Kmart | ~1.40 MWp | $2.8-3.5M |
| Bateau Bay Square Desktop | Bateau Bay, NSW | Woolworths, Coles, Aldi, Kmart | ~1.40 MWp | $2.8-3.5M |
| Carnes Hill Marketplace Desktop | Horningsea Park, NSW | Woolworths, Big W | ~1.40 MWp | $2.8-3.5M |
| Dubbo Square Desktop | Dubbo, NSW | Coles, Kmart | ~1.40 MWp | $2.8-3.5M |
| Eastgate Bondi Junction Desktop | Bondi Junction, NSW | Coles, Aldi, Kmart | ~1.40 MWp | $2.8-3.5M |
| Goulburn Square Desktop | Goulburn, NSW | Coles, Kmart | ~1.40 MWp | $2.8-3.5M |
| Highlands Marketplace Desktop | Mittagong, NSW | Woolworths, Big W | ~1.40 MWp | $2.8-3.5M |
| Rockdale Plaza Desktop | Rockdale, NSW | Woolworths, Aldi, Big W | ~1.40 MWp | $2.8-3.5M |
| Tamworth Square Desktop | Tamworth, NSW | Coles, Kmart | ~1.40 MWp | $2.8-3.5M |
| Campbellfield Plaza Desktop | Campbellfield, VIC | Coles, Aldi, Kmart | ~1.40 MWp | $2.8-3.5M |
| Corio Village Desktop | Corio, VIC | Coles, Kmart, Woolworths | ~1.40 MWp | $2.8-3.5M |
| Lansell Square Desktop | Kangaroo Flat, VIC | Woolworths, Coles, Kmart | ~1.40 MWp | $2.8-3.5M |
| Arana Hills Plaza Desktop | Arana Hills, QLD | Coles, Aldi, Kmart | ~1.40 MWp | $2.8-3.5M |
| Bribie Island Shopping Centre Desktop | Bongaree, QLD | Woolworths, Target | ~1.40 MWp | $2.8-3.5M |
| Albany Plaza Desktop | Albany, WA | Coles, Aldi, Kmart | ~1.40 MWp | $2.8-3.5M |
| Esperance Boulevard Desktop | Esperance, WA | Woolworths, Kmart | ~1.40 MWp | $2.8-3.5M |
| South Hedland Square Desktop | South Hedland, WA | Coles, Kmart | ~1.40 MWp | $2.8-3.5M |
The centres above took minutes each. We can do the same for any site in the portfolio, live: draw the canopy to scale on the car park, size it, and price it while you watch. We can also run the full economics on your own inputs, whatever tariff, self-consumption, finance structure or target return Charter Hall wants to test, so the numbers reflect how you assess an investment rather than our assumptions.
CQR holds the canopies and all the generation, on a 30-year design life, staged centre by centre across the portfolio. Where an asset is held in joint venture, the canopy is scoped and staged to match the ownership structure.
$0 upfront. A service agreement arranged through an independent finance partner; CQR keeps the generation and pays from the savings and revenue.
A short working session to confirm the priority centres, validate the layouts on the actual title boundaries, and firm the tariff, tenant supply and network assumptions with Charter Hall's real figures.