Starwood and NRG Energy Develop Partnership
Monday May 20th, 2013 - 10:42AM TB
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STAMFORD, CT—Starwood Hotels & Resorts Worldwide, Inc. has entered into a new global alliance with NRG Energy, Inc. to expand the use of renewable energy systems at Starwood properties.
The alliance will begin with three properties, including the installation of a 1.3 megawatt solar array at the Westin St. John in the U.S. Virgin Islands where NRG will build, own and operate the project. According to the company, this array will provide clean, efficient power to the resort, helping to reduce local air emissions and the impact of shipping on the fragile Caribbean ecosystem by directly reducing demand for diesel fuel imports.
NRG will own the solar arrays while Starwood will be the enabling partner through a multi-year agreement to purchase electricity from the solar arrays installed at several locations. According to the company, this will reduce electricity costs, lock in predictable energy costs at an affordable level for years to come and reduce the company’s carbon footprint and local air emissions. In addition, the customized solar solutions designed by NRG in consultation with Starwood will integrate with the aesthetic of each location.
Tags: • Hospitality • Brands • Sustainability •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.