BOSTON--(BUSINESS WIRE)--Dec. 12, 2018--
Boston
Properties, Inc. (NYSE: BXP), one of the largest
publicly-traded developers, owners and managers of Class A office
properties in the United States, announced today that, together with
Calpine Energy Solutions, LLC and Taylor Consulting & Contracting, it
has signed an agreement to purchase specific-source renewable energy
equal to the expected electricity needs of the Company’s actively
managed Massachusetts portfolio.
Under the agreement, Boston Properties has purchased the environmental
attributes associated with energy from Capricorn Ridge II Wind Farm in
Sterling, Texas, for the projected power consumption at 33 buildings and
garages totaling 15 million square feet in Boston, Cambridge, Waltham,
Lexington, Weston and Needham, Massachusetts. Boston Properties expects
this procurement of 650,000 megawatt-hours (MWh) of environmental
attributes over three years will reduce its carbon footprint by more
than 55,000 metric tons of CO2 equivalent annually and will
lower the carbon intensity of its Massachusetts operations by
approximately 78% percent compared to a 2008 base year. Boston
Properties has publicly reported sustainability goals and expects to
exceed its 2025 greenhouse gas emissions intensity reduction target in
2019.
“This purchase complements our broader sustainability strategy, which
includes energy efficient operations and high-performance new
development,” said Bryan Koop, Executive Vice President, Boston Region,
Boston Properties. “The mitigation of greenhouse gas emissions is
increasingly important to our customers and communities we serve and
we’re committed to working with all of our stakeholders to advance the
transition to a low carbon economy.”
About Boston Properties
Boston Properties (NYSE: BXP) is one
of the largest publicly-traded developers, owners and managers of Class
A office properties in the United States, concentrated in five markets -
Boston, Los Angeles, New York, San Francisco and Washington, DC. The
Company is a fully integrated real estate company, organized as a real
estate investment trust (REIT), that develops, manages, operates,
acquires and owns a diverse portfolio of primarily Class A office space.
The Company’s portfolio totals 52.7 million square feet and 200
properties, including fourteen properties under construction and 20
million square feet of green buildings certified at the highest LEED
Gold and LEED Platinum levels. BXP actively works to promote its growth
and operations in a sustainable and responsible manner and has earned
seven consecutive Global Real Estate Sustainability Benchmark (GRESB)
Green Stars and the highest GRESB 5-star Rating.
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Source: Boston Properties, Inc.
AT THE COMPANY
Michael LaBelle
Executive
Vice President,
Chief Financial Officer and Treasurer
(617)
236-3352
Sara Buda
Vice President, Investor Relations
(617)
236-3429
sbuda@bostonproperties.com