In one of the largest intrastate renewable energy agreements for a single building in New York State, Brookfield Properties announced a five-year agreement with Brookfield Renewable to supply renewable electricity to One Manhattan West, an office tower located within Brookfield Properties’ Manhattan West development. The renewable energy will be supplied by Brookfield Renewable’s hydropower facilities located in upstate New York and will meet 100% of the electricity needs of One Manhattan West.
One Manhattan West will be the first building within Brookfield Properties’ New York portfolio to meet all its electricity needs with renewable energy. Brookfield Properties will use ClearTrace, a blockchain-based carbon accounting technology platform, to digitally match One Manhattan West’s electrical consumption with energy and associated renewable energy certificates (RECs) generated from Brookfield Renewable’s hydropower facilities on an hourly basis and create auditable records for all hours of the year.
Brookfield Properties will also provide digital dashboards for each of its tenants at One Manhattan West, enabling them to track the portion of the building’s electric consumption driven by each tenant and how that consumption is satisfied by locally sourced renewable energy production.
“Our pledge to obtain 100% renewable electricity at One Manhattan West underscores our unwavering commitment to reach net-zero emissions by 2050 across Brookfield’s portfolio,” said Callie Haines, executive vice president and head of New York of Brookfield Properties. “We are especially proud to source the renewable energy within New York, supporting the state’s goal of obtaining 70% of its electricity needs from renewable energy resources by 2030. We are already exploring doing the same for additional assets within our New York portfolio.”
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms, including over 70 hydropower facilities and three wind farms in New York state. These assets have approximately 900 megawatts of clean energy generating capacity and produce enough power to serve 440,000 homes annually.
Completed in 2019, One Manhattan West is a 67-story, 2.1 million square foot office tower located within Brookfield’s 8-acre, 7 million square foot development, Manhattan West.
