|Sundance Square Becomes Largest Real Estate Green Power Purchaser In Texas|
Vibrant downtown district purchases cleaner electricity from Green Mountain Energy Company
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FORT WORTH, Texas — October 12, 2007 — Sundance Square, one of the country’s premier mixed-use developments, announced today that beginning in January 2008 it will purchase cleaner, renewable energy to offset 10 percent of its yearly energy needs for the next five years. The vibrant district, located in downtown Fort Worth, is purchasing the green power from Texas-based Green Mountain Energy Company, Texas’ only electricity provider dedicated to cleaner energy.
In 2008, Sundance Square will purchase an estimated 6.3 million kilowatt-hours (kWh) of green power from Green Mountain Energy Company for its commercial, residential, entertainment, and retail development that encompasses 35 city blocks.
Sundance Square’s green power purchase exceeds the U.S. Environmental Protection Agency’s (EPA’s) Green Power Partnership purchase requirements. According to EPA, Sundance Square is the largest green power purchaser in Texas among EPA's real estate partners and the second largest nationally in the real estate industry. EPA’s Green Power Partnership is a voluntary program that encourages organizations to purchase green power as a way to reduce the environmental impacts associated with electricity use.
By purchasing the renewable energy, Sundance Square will offset an estimated 8.5 million pounds of carbon dioxide (CO2), a harmful greenhouse gas that leads to global warming. That is the equivalent of taking more than 760 cars off the road for one year, or the amount of CO2 absorbed by over 516,000 trees in one year.
“Through this partnership with Green Mountain, Sundance Square is committing to help reduce greenhouse gas emissions,” said Johnny Campbell, president and CEO of Sundance Square. “We are committed to sustainability as well as educating the people that live, shop and work at Sundance Square about the positive impact that renewable energy has on the environment.”
Green Mountain Energy Company was awarded the five year electricity contract after a competitive bid process facilitated by PoCo Energy Group, the energy consultant for Sundance Square. Green Mountain was selected as a result of its competitive rates and leadership in the renewable energy industry. The company is the nation’s longest serving green power marketer in the U.S.
“Green Mountain has the best value proposition in the market,” said Paul Thomas, CEO of Green Mountain Energy Company. “Our company was founded with an environmental mission: to change the way power is made. We were green before green was cool.”.
Sundance Square and Green Mountain Energy Company also will jointly develop marketing and sales initiatives to promote renewable energy among current tenants, visitors, and local Fort Worth residents. Sundance Square has become a recognized center of activity within the DFW area, and has become host to major events throughout the year.
Renewable energy or “green power” includes electricity that is partially or entirely generated from cleaner resources, such as solar, wind, geothermal, biogas, biomass and low-impact hydro. Green power is considered cleaner than conventional sources of electricity and has lower carbon dioxide (CO2) emissions. Green power purchases accelerate the development of new renewable energy capacity nationwide.
About Sundance Square
Sundance Square oversees more than two million square feet of commercial office, retail and residential space. Located in the heart of downtown Fort Worth, historic Sundance Square is a 35-block commercial, residential, entertainment and retail district where people work, live, shop and dine. Sundance Square¹s beautiful landscaping, red-brick streets and turn-of-the-century buildings make it a pedestrian¹s delight. Named after the famed Sundance Kid, who used the Fort Worth area as a hideout, Sundance Square has been hailed as a monumental achievement in urban redevelopment. For more information, visit www.sundancesquare.com
About Green Mountain Energy Company
Green Mountain, the nation’s leading provider of cleaner energy and carbon offset solutions, began in 1997 with a simple idea: “to change the way power is made.” The company offers consumers and businesses the choice of cleaner electricity products using renewable sources such as wind, water and solar that help reduce the amount of carbon dioxide (CO2) emitted into the air. Green Mountain customers have collectively helped avoid over 3.3 million tons of CO2 emissions. Visit www.greenmountain.com.
About PoCo Energy Group
PoCo Energy Group was founded in December 2000 and quickly established itself as the premier provider of energy related Consulting services in Texas, serving a broad range of leading firms in the property management, industrial, engineering and commercial sectors. Today, PoCo Energy Group advises clients in the areas of strategic energy procurement, market analysis, risk management, energy efficiency and technology implementation. For a complete list of references and contact information, please visit www.pocoenergy.com.
About the U.S. EPA’s Green Power Partnership
EPA’s Green Power Partnership encourages organizations to purchase green power as a way to reduce the environmental impacts associated with conventional electricity use. The Green Power Partnership currently has hundreds of Partners voluntarily purchasing billions of kilowatt hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500 companies, small and medium sized businesses, local, state, and federal governments, trade associations, as well as colleges and universities.
For a full listing of EPA’s Green Power Partners and information about buying green power, visit the Partnership’s Web site at www.epa.gov/greenpower
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