Renewables deal helps Hudson Pacific Properties become carbon-neutral

Wind park in Texas. Author: Lindsay Attaway. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

September 10 (Renewables Now) - US real estate investment trust Hudson Pacific Properties Inc (NYSE:HPP) has entered into a three-year renewable energy contract tied to the 223.5-MW Horse Hollow III wind farm in Texas.

Specifically, Hudson Pacific Properties has agreed to buy the environmental attributes associated with 577 GWh of generation from the particular plant, which is located in Wingate and owned by NextEra Energy Resources.

Thanks to this contract with Calpine Energy Solutions LLC, the real estate investment trust has achieved a carbon-neutral electricity consumption. Hudson Pacific Properties noted that the deal will effectively offset all anticipated electricity-generated greenhouse gas (GHG) emissions from its 53 office and three studio properties over the next three years.

“This is a significant step that brings us closer to our sustainability goals, and is perfectly aligned with current carbon neutrality policies within our core markets,” commented Natalie Teear, Vice President, Sustainability and Social Impact.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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