Jamestown is a real estate investment and management company based in the United States of America. The company was founded in 1983 and has since then focused on acquiring, developing, and managing properties that are unique, innovative, and sustainable. Jamestown has a diverse portfolio of assets that includes office, retail, residential, and mixed-use properties across the country.
Jamestown is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. The company recognises that climate change is a significant threat to the environment and the economy, and it is taking proactive steps to mitigate its impact. Jamestown is committed to reducing its greenhouse gas emissions by 50% by 2030 and achieving net-zero emissions by 2050.
One of the ways Jamestown is achieving its decarbonisation goals is through corporate energy management. The company is implementing energy-efficient technologies and practices in its properties to reduce energy consumption and costs. Jamestown is also investing in renewable energy sources such as solar and wind power to generate clean energy and reduce its reliance on fossil fuels.
Jamestown is also embracing corporate power purchase agreements (PPAs) as a way to support the development of renewable energy projects. Corporate PPAs are long-term contracts between a company and a renewable energy provider that guarantee the purchase of a certain amount of renewable energy at a fixed price. By entering into these agreements, Jamestown is supporting the growth of the renewable energy industry and reducing its carbon footprint.
In 2020, Jamestown signed a 10-year PPA with a wind farm in Texas to purchase 100% of the energy generated by the facility. This agreement will provide Jamestown with a reliable source of renewable energy and help the company achieve its decarbonisation goals. The wind farm will generate enough energy to power over 30,000 homes and will avoid the emission of over 1 million metric tons of carbon dioxide over the life of the project.
Jamestown is also investing in on-site renewable energy projects to generate clean energy at its properties. The company has installed solar panels on the rooftops of several of its properties, including Industry City in Brooklyn, New York. The solar panels generate clean energy that is used to power the buildings and reduce the amount of energy purchased from the grid.
Jamestown is also exploring innovative solutions to reduce its carbon footprint, such as energy storage systems. The company is piloting a battery storage project at Industry City that will allow it to store excess energy generated by the solar panels and use it when needed. The energy storage system will help Jamestown reduce its reliance on the grid and provide a reliable source of clean energy.
Jamestown's commitment to renewable energy and decarbonisation is not only good for the environment, but it also makes good business sense. The company's investments in energy-efficient technologies and renewable energy sources are reducing its operating costs and increasing the value of its properties. Tenants are increasingly looking for sustainable and energy-efficient buildings, and Jamestown's properties are well-positioned to meet this demand.
In conclusion, Jamestown is a real estate investment and management company that is committed to decarbonisation and renewable energy. The company is implementing energy-efficient technologies, investing in renewable energy sources, and exploring innovative solutions such as energy storage systems. By embracing corporate PPAs and on-site renewable energy projects, Jamestown is supporting the growth of the renewable energy industry and reducing its carbon footprint. Jamestown's commitment to sustainability is not only good for the environment, but it also makes good business sense.