Boston Properties Inc., a publicly traded developer, owner and manager of Class A office properties in the U.S., has signed an agreement to purchase renewable energy equal to the expected electricity needs of the company’s actively managed Massachusetts portfolio.
Under the deal, Boston Properties has purchased the environmental attributes associated with energy from the Capricorn Ridge II Wind Farm in Sterling, Texas, for the projected power consumption at 33 buildings and garages – totaling 15 million square feet – in Boston, Cambridge, Waltham, Lexington, Weston and Needham.
Boston Properties expects this procurement of 650,000 MWh of environmental attributes over three years will reduce its carbon footprint by more than 55,000 metric tons of CO2 equivalent annually and will lower the carbon intensity of its Massachusetts operations by approximately 78% compared to a 2008 base year.
The company announced the deal in conjunction with Calpine Energy Solutions LLC and Taylor Consulting & Contracting.
“This purchase complements our broader sustainability strategy, which includes energy efficient operations and high-performance new development,” states Bryan Koop, executive vice president of the Boston region at Boston Properties. “The mitigation of greenhouse-gas emissions is increasingly important to our customers and communities we serve, and we’re committed to working with all of our stakeholders to advance the transition to a low-carbon economy.”
