Brookfield Properties has made a significant change to its Mid-Atlantic office portfolio by switching to electricity sourced from regional nuclear power plants. This groundbreaking move marks the largest direct purchase of electricity and Emissions Free Energy Credits (EFECS) in the commercial real estate industry. As a result, greenhouse gas emissions from purchased energy have been reduced by more than 85%.
The transition was made possible through a partnership with Calpine Energy Solutions, which will supply 100% of the properties’ expected electricity usage – approximately 100,000 MWh – from nuclear plants within the local PJM grid. These facilities are equipped by Westinghouse, one of Brookfield Asset Management’s portfolio companies.
This shift towards clean energy in the Mid-Atlantic region is just one part of Brookfield Properties’ commitment to sustainability. The company has already entered into multiple agreements in New York to power its premier office towers with renewable electricity sourced from hydropower facilities owned and operated by Brookfield Renewable.
Overall, this transition demonstrates Brookfield Properties’ dedication to reducing their environmental impact and promoting sustainable practices within their real estate portfolio.
