CPI Hungary announces the switch to green energy from 2022
From 2022, CPI Hungary will supply the electricity needed to operate its property portfolio exclusively from renewable sources, allowing tenants to significantly reduce their ecological footprint, according to a press release sent to the Budapest Business Journal.
“It is of the utmost importance for CPI Hungary to maximize the use of renewable energies in our real estate portfolio, thus significantly reducing the ecological footprint of our buildings. In addition, we are delighted to see that more and more of our tenants specifically request that we provide them with green electricity. Our company’s conscious building concept, which encourages tenants to act in a responsible and environmentally friendly manner, is taken to a new level with the purchase of green energy “, said Mátyás Gereben, Country Director of CPI Hungary.
CPI Property Group reinforced its environmental commitments at the start of the year, in line with the sustainable development objectives and the Paris Climate Agreement. The company will only purchase electricity from renewable sources from 2024 and aims to reduce greenhouse gas emissions by 30% by 2030.
However, as CPI Hungary’s sources of green electricity, including the rooftop solar capacity of its Budapest office portfolio, are limited, renewable electricity will be provided through ‘guarantees of origin’ from from 2022.
A Guarantee of Origin (GoO or GO, Renewable Energy Certificate (RECS)) is a negotiable electronic document that certifies the user that a certain amount of electricity comes from a renewable energy source or high efficiency cogeneration.
From 2022, CPI Hungary will supply the electricity needed to operate its real estate portfolio in Hungary from a hydroelectric power station, which will reduce CO2 emissions by 9,000 t per year. When selecting the renewable energy supplier, the group indicated that it paid particular attention to the fact that the partner must come from its field of activity, that is to say the V4 countries.
Currently, for every kWh (kilowatt hour) of electricity used by tenants, they emit 0.365 kg / kWh of CO2, but this can be reduced to zero in the future, allowing them to significantly reduce their carbon footprint by purchasing electricity. electricity from renewable sources in their daily operations, notes the press release.
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