Trump SoHo to Purchase Green Power for All Electricity
Posted August 30, 2010
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Trump SoHo New York at 246 Spring Street, New York City, has committed to purchasing renewable energy from Green Mountain for 100 percent of the hotel's electricity usage.
Trump SoHo is expected to purchase more than 5.5 million kilowatt hours (kWh) of wind energy annually from Green Mountain over the two-year term of its agreement. By purchasing the clean energy, Trump SoHo will offset 100 percent of the hotel condominium's annual electricity usage, which generates an estimated 4.6 million pounds of carbon dioxide (CO2) annually. The savings represents the equivalent of 1.3 million houses turning off all their lights for a day, or not taking more than 1.8 million cab rides.
Renewable energy facilities generate renewable energy certificates (RECs) when they produce electricity. Purchasing these certificates is an accepted way to address the greenhouse gas emissions of electricity consumption. Purchasing RECs in the same quantity as Trump SoHo's estimated electricity consumption ensures that the amount of energy used by the hotel is added to the U.S. power grid from renewable sources and supports the further development of these projects.
"This renewable energy purchase further helps Green Mountain accomplish its mission to change the way power is made and helps the hotel send a message to its guests that it cares about the environment," said Scott Hart, President of Commercial Services, Green Mountain Energy Company.
"We regard this as a wise business decision on all levels," said Trump SoHo General Manager David Chase. "It is a responsible move for the hotel and it respects the values of our guests who are as concerned as we are about protecting and caring for the environment."
Green Mountain is a retail provider of cleaner energy and carbon offset solutions. In 2009 the company was ranked the "Highest in Business Customer Satisfaction with Retail Electric Service" by J.D. Power and Associates.
Trump SoHo is a joint venture among The Sapir Organization, Bayrock Group, L.L.C., and an affiliate of the Trump Organization. It is the first luxury hotel condominium in downtown Manhattan, bringing together Handel Architects, for the 46-story shimmering glass tower, and Rockwell Group, for the creation of the interior spaces. The guestrooms and suites feature floor-to-ceiling windows providing views of the city's skyline and the Hudson River. Trump SoHo has 391 hotel condominiums available for purchase with prices beginning at $1.2 million.
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