Posted in | News | Renewable Energy

The Bozzuto Group Procures Renewable Energy Certificates to Eliminate Carbon Dioxide Equivalent Emissions

The Bozzuto Group, a real estate firm, has purchased Green-e Energy Certified Renewable Energy Certificates (RECs) from 3Degrees, which deal with carbon compensation and RECs.

By this purchase, Bozzuto Group’s effort towards renewable energy will be reached and its headquarters will match the 100% power utilized with renewable energy produced from the US wind projects. The RECs confirm that each MW of power used by the company will supply 1 MW wind power to the power grid.

By using EPA Greenhouse Gas Equivalencies Calculator, it has been calculated that the purchase of 1,151 MW hours of REC will facilitate eliminating 794 MT of carbon dioxide equivalent (CO2e) greenhouse gas emissions.

The EPA has calculated that this CO2e emission is equal to CO2 emissions emitted from burning over 1,800 barrels of oil or sequestering carbon from seven acres of forest or electricity used by over 95 average houses.

Renewable energy projects are supported by the income generated from RECs. Furthermore, RECs facilitate these projects to contend financially with fossil fuel power production.

The Bozzuto Group comprises six integrated companies, Property Management, Land Development, Homebuilding, Development, Construction and Acquisitions, which offers real estate services to Northeast and Mid-Atlantic. The company has constructed over 35,000 houses. The head office of the company is based in Washington, D.C.

Source: http://www.bozzuto.com

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Chai, Cameron. (2019, March 01). The Bozzuto Group Procures Renewable Energy Certificates to Eliminate Carbon Dioxide Equivalent Emissions. AZoCleantech. Retrieved on February 21, 2024 from https://www.azocleantech.com/news.aspx?newsID=16506.

  • MLA

    Chai, Cameron. "The Bozzuto Group Procures Renewable Energy Certificates to Eliminate Carbon Dioxide Equivalent Emissions". AZoCleantech. 21 February 2024. <https://www.azocleantech.com/news.aspx?newsID=16506>.

  • Chicago

    Chai, Cameron. "The Bozzuto Group Procures Renewable Energy Certificates to Eliminate Carbon Dioxide Equivalent Emissions". AZoCleantech. https://www.azocleantech.com/news.aspx?newsID=16506. (accessed February 21, 2024).

  • Harvard

    Chai, Cameron. 2019. The Bozzuto Group Procures Renewable Energy Certificates to Eliminate Carbon Dioxide Equivalent Emissions. AZoCleantech, viewed 21 February 2024, https://www.azocleantech.com/news.aspx?newsID=16506.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit