Wind Power

Real Estate Group Wants to Use More Renewable Energy

The real estate industry in the United States wants federal policies to promote the use of renewable energy technology in buildings.

WASHINGTON, DC, US, 2001-05-22 <SolarAccess.com> The Real Estate Roundtable says last week’s national energy policy will ensure reliable and affordable energy supplies for consumers and businesses through a combination of initiatives to increase supply and reduce demand. “The Real Estate Roundtable supports the President’s goal of offering integrated solutions to the nation’s energy challenges and looks forward to the implementation of federal policies that enable greater real estate investment in energy efficiency and on-site generation technologies,” says president and COO Jeffrey DeBoer. “The President’s emerging energy policy appears to be consistent with the energy strategies already being adopted or considered by leading real estate companies across the country — strategies that focus on reducing energy use through energy efficient, ‘smart building’ investments, as well as supplementing traditional power supplies through on-site generation capabilities.” Commercial real estate owners in California are actively exploring on-site power generation technologies, including solar, wind, fuel cell and microturbines, to ensure reliable supplies and reduce dependence on power grids. A typical on-site installation may provide half of a building’s power needs. “For such promising technologies to gain broader marketplace acceptance – and begin addressing short and long-term energy needs – federal lawmakers are urged to remove barriers to the use of on-site or distributed generation technologies, including the lack of standards for connecting to local power grids,” says the Roundtable. The proposed policy highlights the need to encourage the development and purchase of innovative energy efficiency technologies for homes and offices, which consume one-third of U.S. energy. The report notes the important role that the federal Energy Star program and other public-private partnerships can play in meeting the goal of energy conservation. The Roundtable also urged federal lawmakers to support bipartisan legislation that would provide incentives for energy efficient investments in new and existing buildings. It supported the legislation sponsored by Senators Robert Smith (R-NH) and Dianne Feinstein (D-CA) and Representatives Randy Cunningham (R-CA) and Edward Markey (D-MA). The Real Estate Roundtable represents major owners, builders, lenders and managers of buildings across the U.S., as well as real estate trade organizations. Collectively, its members control 2.5 billion square feet of developed property valued at $250 billion. Participating trade associations represent one million people involved in every aspect of the real estate business.