The Westfield Group Awards Third Contract to Martifer Solar USA

  The Westfield Group Awards Third Contract to Martifer Solar USA

Business Wire

LOS ANGELES -- December 10, 2012

On the heels of two recently completed photovoltaic installations, the
U.S.-based unit of the Westfield Group has awarded a third contract to
Martifer Solar USA, a national solar engineering, procurement, and
construction firm. The proposed 765 kW array is scheduled to break ground in
early 2013 at Westfield’s flagship Century City mall in Los Angeles. Martifer
Solar USA installed a total of 1.7 MW of solar at the Westfield Topanga and
Westfield Fashion Square shopping malls in 2011.

The Century City system will consist of three rooftop arrays and a series of
shade canopies. The rooftop arrays will be built above spaces currently
occupied by a movie theater, restaurant, and common areas; shade canopies will
be installed as part of a new construction process, which will include the
addition of a four-story parking structure to the property. Martifer Solar USA
is expected to collaborate closely with the Westfield design team to provide a
visually attractive system with optimal production rates.

“The Westfield Group is committed to responsible energy management,” stated
Joe Jaworski, Westfield’s Vice President of National Operations. “The solar
installation at Century City will provide several advantages: return to our
investors, competitive edge for our business, and the reassurance to our
customers and our community that we are making environmentally sound choices.
The immediate payoffs are considerable, and any positive impact that we can
make on long-term air quality is beneficial to the Southern California region,
where we are a longstanding retail presence.”

Alta Energy, a solar analytics and procurement company, served as project
coordinator and was an integral part of the project’s realization. As
explained by Sam Lee, Chief Executive Officer of Alta Energy, “We identified
Century City as a strategic priority for the Westfield Group based on a
comprehensive assessment of multiple properties. Not only will the system meet
financial and environmental objectives, but a flagship property like Century
City provides a platform to make a definitive statement about the importance
of clean energy as a corporate sustainability practice.”

Kathy Huber, Alta Energy’s Vice President of Acquisitions, commented on the
proposal process: “The continued partnership between the Westfield Group and
Martifer Solar USA exemplifies Alta Energy’s ability to match qualified
vendors with businesses that want to participate in the solar energy movement.
The synergies between the Westfield Group and Martifer Solar, both global
heavyweights in their respective industries, represent the best that solar
partnerships have to offer.”

In addition to a strong relationship with its contractor, the feasibility of
Westfield’s installations at Topanga and Fashion Square shopping malls was in
part attributable to the 30% tax credit currently offered by the federal
government, as well as attractive state and local market conditions. The
Westfield Group is thought to be one of the country’s largest REITs to own and
operate its own photovoltaic systems.

“The installations at Westfield Topanga and Westfield Fashion Square have
proven to be successful,” states Raffi Agopian, Chief Executive Officer of
Martifer Solar USA. “With a demonstrated financial model and established
partnership, the pieces are in place for Martifer Solar USA to give Westfield
and its shareholders the best return on their solar investment at Century
City.”

Joe Jaworski anticipates a positive outcome. “This solar initiative has been
continuously rewarding relationship for us and our partners. We are eager to
expand our role as a leader in sustainable business practices, and integrating
solar into the energy mix at Century City is a step in that direction.”

About Martifer Solar USA, Inc. – Martifer Solar USA, Inc. (Martifer Solar USA)
specializes in the design, engineering and installation of solar photovoltaic
systems. The company has been providing turnkey solar integration services in
the United States market since 2001. Please visit www.martifersolarusa.com.

Martifer Solar USA, Inc. is a subsidiary of Martifer Solar S.A.
(www.martifersolar.com), a multinational solar manufacturer and installation
company with over 300 MW of solar assets installed worldwide. Martifer Solar
S.A. operates in more than 20 countries and reported revenues of $400 million
in 2011.

About Alta Energy – Alta Energy www.alta-energy.com is an independent solar
analytics and procurement company that enables commercial property owners to
identify and complete cost-effective solar projects with confidence. As an
objective third party, Alta Energy helps owners of retail, industrial, and
office buildings evaluate the business case for solar using a consistent,
comprehensive model, and then monitors market and policy conditions for the
best solar deployment opportunities. Alta Energy’s multiple bid process
ensures that property owners select the right solar vendors and the best terms
for each project. By identifying economically sound commercial solar projects
and matching them with qualified vendors, Alta Energy accelerates the growth
of solar power in the United States.

About the Westfield Group – The Westfield Group (ASX: WDC) is an
Australian-based company with interests in 105 shopping centers in Australia,
Brazil, New Zealand, the United Kingdom and the United States. In the U.S.,
the Group has a portfolio of 47 shopping centers that are home to more than
7,900 specialty stores and comprise approximately 56 million square feet of
leasable space in California, Connecticut, Florida, Illinois, Indiana,
Maryland, New Jersey, New York, North Carolina, Ohio and Washington.

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Contact:

Martifer Solar USA, Inc.
Clare Kirlin, 310-820-7080
ckirlin@martifersolarusa.com
 
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