Solar Generated Electricity Coming to More Six Flags Parks
21 February 2018 - 4:00AM
Business Wire
Massive Initiative Part of Company’s Goal to
Reduce Carbon Footprint
Six Flags Entertainment Corporation (NYSE:SIX), the world’s
largest regional theme park company, in partnership with JLL
(NYSE:JLL), a global professional services firm that specializes in
real estate and investment management, today announced an ambitious
new initiative to power two more of its parks—Six Flags Discovery
Kingdom in Vallejo, California and Six Flags Magic Mountain, near
Los Angeles—almost entirely with solar power.
“We are committed to making all of our properties more energy
efficient and sustainable for years to come,” said Six Flags Senior
Vice President, Investor Relations and Treasurer, Steve Purtell.
“California’s support of renewable energy, the solar potential in
the state, and the environmental benefits associated with solar
energy made this the right decision for our guests, our team
members, and our communities.”
JLL, through a collaboration between its Capital Markets and
Clean Energy experts, served as project advisors and Six Flags’
designated agent to select a leading renewable energy Independent
Power Producer, who will build, own and operate the systems in
California.
“From the onset, JLL worked with Six Flags to identify the
benefits of implementing this renewable energy purchasing strategy
and hosting the projects on-property,” said Blake Lacher, Managing
Director, JLL Capital Markets, Americas. “Bringing all of the
partners together early on in the process allowed for greater
transparency in ensuring the objectives were clearly identified.
Timely and clear communication with stakeholders and
decision-makers on all sides was imperative to reach this
milestone.”
When it becomes operational, the system at Six Flags Discovery
Kingdom will exceed 7 megawatts of electricity generated. Six Flags
Magic Mountain’s system will have capacity for nearly 15 megawatts
and will be the largest solar carport anywhere in North
America.
“This unprecedented solar PV program exemplifies the multiple
benefits a well-designed onsite solar project may offer,” said Kyle
Goehring, Vice President and Director of Clean Energy for JLL. “The
solar economic benefits at these sites is immense, and JLL is
honored to help Six Flags become the entertainment industry market
leader in renewable energy.”
In addition to generating a large percentage of the parks’
electricity, the solar carport structures provide a number of
enhancements to the guest experience, including:
- Covered parking for the majority of
parking spaces;
- Integrated electric vehicle charging
stations;
- Increased security through new closed
circuit cameras; and
- Enhanced parking lot surfaces.
Separately, Six Flags recently announced that Six Flags Great
Adventure in Jackson, New Jersey will soon begin construction of a
solar energy project. In addition to these three announced plans,
the company is investigating other opportunities at more parks
across its North America portfolio.
“Six Flags has pioneered a long lists of firsts in its 57-year
history and as good stewards of the environment, we are excited to
apply the latest green technology and create eco-friendly parks for
future generations to enjoy,” added Purtell.
About Six Flags Entertainment
Corporation
Six Flags Entertainment Corporation is the world’s largest
regional theme park company with $1.3 billion in revenue and 20
parks across the United States, Mexico and Canada. For 57 years,
Six Flags has entertained millions of families with world-class
coasters, themed rides, thrilling water parks and unique
attractions. For more information, visit www.sixflags.com.
Follow us on Twitter @SixFlags
Like us on Facebook at facebook.com/sixflags
About JLL
JLL (NYSE: JLL) is a leading professional services firm that
specializes in real estate and investment management. A Fortune 500
company, JLL helps real estate owners, occupiers and investors
achieve their business ambitions. In 2016, JLL had revenue of $6.8
billion and fee revenue of $5.8 billion and, on behalf of clients,
managed 4.4 billion square feet, or 409 million square meters, and
completed sales acquisitions and finance transactions of
approximately $145 billion. At the end of the third quarter of
2017, JLL had nearly 300 corporate offices, operations in over 80
countries and a global workforce of over 80,000. As of September
30, 2017, LaSalle Investment Management had $59.0 billion of real
estate under asset management. JLL is the brand name, and a
registered trademark, of Jones Lang LaSalle Incorporated. For
further information, visit www.jll.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180220006138/en/
Six Flags Entertainment CorporationMedia ContactSandra Daniels,
972-595-5178sdaniels@sftp.comorInvestor
Relations ContactStephen Purtell,
972-595-5083spurtell@sftp.comorJLL
Investor Services ContactScott Sutton,
312-228-2863scott.sutton@am.jll.com
Jones Lang LaSalle (NYSE:JLL)
Historical Stock Chart
From Apr 2024 to May 2024
Jones Lang LaSalle (NYSE:JLL)
Historical Stock Chart
From May 2023 to May 2024