Newport Harbor Corp., a hospitality company located in Newport, R.I., has offset 100% of its electricity needs for its entire hotel, restaurant and corporate portfolio with wind power. The purchase represents the first private company in the state to be certified by the Environmental Protection Agency's Green Power Partnership program at the leadership level.
Newport Harbor purchased renewable energy credits (RECs) from Sterling Planet, a Norcross, Ga.-headquartered retail provider of solar, wind and other renewable energy sources. According to the companies, the wind power Newport Harbor purchased is generated from many different wind farms across the U.S.
‘Moving away from traditional energy to green power is a natural fit within our company's overall philosophy,’ says Paul O'Reilly, Newport Harbor's president and chief executive officer. ‘Our company is 46 percent employee-owned, and our core values reflect their wishes – making better choices for our environment through our corporate and culinary decisions and practices.’
Newport Harbor's estimated annual traditional electricity cost is $333,876. With the green purchase, the cost increased 2.3%, or approximately $8,700. To offset this increase, the company plans on implementing energy-efficient products in its businesses. Newport Harbor owns and operates a number of companies in the area, including Castle Hill Inn & Resort, 22 Bowen's Wine Bar & Grille, The Mooring Seafood Kitchen & Bar, Blackstone Caterers and the Newport Yachting Center.