Realty Manager Of Empire State Building, Other Properties Selects Retail Supplier For 100% Wind Contract
February 3, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Empire State Realty Trust, Inc. (ESRT) announced the purchase of 100% renewable wind electricity for its entire commercial portfolio under a new three-year contract with Green Mountain Energy
Empire State Realty Trust said that the new agreement, "makes ESRT the nation's largest 100% user of green power in real estate."
Empire State Realty Trust has purchased renewable power from Green Mountain Energy for the Empire State Building for a decade. ESRT has now expanded such procurement to all properties in New York State, with an additional Direct Energy (now an NRG company) contract for its Connecticut properties.
Empire State Realty Trust said that 100% of ESRT's more than 10.1 million square-foot portfolio is now powered by renewable wind energy. The three-year expansion will include more than 300 million kilowatt hours (kWh) of renewable energy
Green Mountain Energy was awarded the electricity contract after a bid process that involved multiple electricity providers and was facilitated by 5, an energy advisory firm.
"5 and Green Mountain worked together to create a custom rate structure for ESRT's New York properties that leveraged favorable market conditions for both energy and capacity, and which is expected to result in more than $800,000 in savings to ESRT for the first year of the contract," the companies said