ENGIE North America ‘s Houston headquarters, a 25-story tower at 1360 Post Oak Blvd. within the Four Oaks Place) will power its operations with renewable energy from one of the company’s Texas wind projects.
Thus, from May 2021 to 2028, the renewable energy company will offset 100% of its electricity consumption. Particularly, this will be possible with the purchase of energy and Renewable Energy Credits from ENGIE’s Live Oak wind project in Texas.
Accordingly, the company recently entered a retail energy supply agreement for approximately 5,747 MWh annually from the Live Oak wind project. Remarkably, the renewable energy in this agreement represents the environmental benefits of reducing CO2 emissions by more than 32,000 metric tons throughout the contract.
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Powering from the inside in Engie North America
In fact, Four Oaks Place is a five-building facility that consists of a 2.3 million-square-foot portfolio located in Uptown Houston. Notably, ENGIE North America occupies six floors at 1360 Post Oak Blvd. Transwestern Real Estate Services (TRS) and is a joint venture of Nuveen Real Estate, and Allianz manages the portfolio.
Moreover, the Live Oak wind project (owned in partnership with an affiliate of John Laing Group plc) is a 200 MW project that is located near San Angelo, Texas. Through projects like this one, ENGIE North America added nearly 2GW of renewable energy in the US in 2020.
Particularly, the company has more than 3 GW of renewable energy capacity. In fact, that is enough clean energy to power all the households in Dallas and Houston combined. Besides, the renewable energy major is currently developing 10 GW of additional renewable energy projects in North America.
ENGIE worldwide
Furthermore, the company commissioned 3GW of new renewable capacity in 2020 globally; thus, ENGIE is bringing its total renewable capacity portfolio to 31GW.
For instance, “ENGIE is a leader in the transition toward a carbon-neutral world. Thus, our role is to show that focusing on the planet and people creates long-term value;” said ENGIE North America Interim Chief Executive Officer Bill Collins.
Therefore, “we partner with customers to help them integrate energy solutions that are cleaner, more efficient, and reliable. So, it makes sense for us to power our own headquarters with renewable energy; particularly, coming from our own projects right here from Texas.”
Finally, Amerex Energy Services acted as an advisor on the agreement.
