The Empire State Building has signed a two-year contract to purchase 100 percent wind-generated energy from Green Mountain Energy Co., according to an article by Theresa Agovino today at crains.com.
The article said that "the renewable energy to supply the Empire State Building will be purchased through wind Renewable Energy Certificates from NRG, Green Mountain's parent company," adding that "the Empire State Building will purchase certificates in the same amount of its energy consumption, ensuring that the amount of energy used by the building is added to the U.S. power grid from renewable sources."
The deal will prevent nearly 100 million pounds of carbon dioxide emissions each year, according to Malkin Holdings, the owner of the famous skyscraper that is nearing the end of a $550 million renovation that included numerous elements to improve its sustainability, the article said, adding that the 100 million pounds of carbon dioxide is "the equivalent of nearly every house in New York state turning off their lights for a week."
Anthony Malkin, president of Malkin Holdings, told Crain's he was interested in buying clean energy for the tower "because it would complement the other steps the company has taken to make the property more environmentally friendly," but "he noted that he only agreed to the contract because it wasn't any more expensive than buying traditional energy."
The deal was a major coup for Green Mountain, which began selling clean energy in the New York City market at the end of 2009. The Empire State Building deal is the largest in the company's 13-year history.
"Landing the Empire State Building is a great way for us to get our message out in front of other customers," said Paul Thomas, chief executive of Green Mountain. The company's other clients in the city include 11 Madison Ave., Sloan-Kettering and the Trump SoHo New York hotel.
The article also knotted that Li & Fung, a Hong Kong based company that is a major force in global retail has signed a 15-year lease for about 500,000 square feet in the 2.9-million square foot building. The lease was for about $45 a square foot, according to the article.
The article said that "the renewable energy to supply the Empire State Building will be purchased through wind Renewable Energy Certificates from NRG, Green Mountain's parent company," adding that "the Empire State Building will purchase certificates in the same amount of its energy consumption, ensuring that the amount of energy used by the building is added to the U.S. power grid from renewable sources."
The deal will prevent nearly 100 million pounds of carbon dioxide emissions each year, according to Malkin Holdings, the owner of the famous skyscraper that is nearing the end of a $550 million renovation that included numerous elements to improve its sustainability, the article said, adding that the 100 million pounds of carbon dioxide is "the equivalent of nearly every house in New York state turning off their lights for a week."
Anthony Malkin, president of Malkin Holdings, told Crain's he was interested in buying clean energy for the tower "because it would complement the other steps the company has taken to make the property more environmentally friendly," but "he noted that he only agreed to the contract because it wasn't any more expensive than buying traditional energy."
The deal was a major coup for Green Mountain, which began selling clean energy in the New York City market at the end of 2009. The Empire State Building deal is the largest in the company's 13-year history.
"Landing the Empire State Building is a great way for us to get our message out in front of other customers," said Paul Thomas, chief executive of Green Mountain. The company's other clients in the city include 11 Madison Ave., Sloan-Kettering and the Trump SoHo New York hotel.
The article also knotted that Li & Fung, a Hong Kong based company that is a major force in global retail has signed a 15-year lease for about 500,000 square feet in the 2.9-million square foot building. The lease was for about $45 a square foot, according to the article.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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