Potential offtaker

FPA Multifamily LLC

www.fpamf.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

FPA Multifamily LLC is a leading real estate investment firm based in the United States of America. The company specializes in multifamily real estate investments, which include the acquisition, development, and management of apartment communities across the country. FPA Multifamily has a proven track record of success, having invested in over 100 multifamily properties throughout the United States, with a total value of over $7 billion.

As a responsible corporate citizen, FPA Multifamily is committed to decarbonisation and reducing its carbon footprint. The company recognizes the urgent need to address climate change and is taking proactive steps to reduce its environmental impact. One of the ways FPA Multifamily is achieving this is by investing in renewable energy.

Renewable energy is a key focus for FPA Multifamily, and the company is committed to increasing its use of clean energy sources. FPA Multifamily has set a goal to reduce its carbon emissions by 50% by 2030, and renewable energy is a critical part of achieving this goal. The company is exploring a range of renewable energy options, including solar, wind, and geothermal energy.

One of the ways FPA Multifamily is investing in renewable energy is through corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, where the company agrees to purchase a set amount of renewable energy at a fixed price over a specified period. By entering into a corporate PPA, FPA Multifamily is able to secure a reliable source of renewable energy, while also supporting the growth of the renewable energy industry.

FPA Multifamily has already signed several corporate PPAs for renewable energy. In 2019, the company signed a 20-year agreement to purchase 50 megawatts of solar energy from a solar farm in North Carolina. This agreement is expected to reduce FPA Multifamily's carbon emissions by over 60,000 metric tons per year, which is equivalent to taking over 13,000 cars off the road.

In addition to corporate PPAs, FPA Multifamily is also investing in on-site renewable energy generation. The company has installed solar panels on several of its properties, which are used to generate clean energy for the buildings. These solar panels not only reduce the company's carbon footprint but also provide cost savings on electricity bills.

FPA Multifamily is also investing in corporate energy efficiency measures. The company has implemented a range of energy-saving initiatives, such as upgrading lighting systems, installing energy-efficient appliances, and improving insulation. These measures not only reduce the company's energy consumption but also provide cost savings for tenants.

FPA Multifamily's commitment to decarbonisation and renewable energy is not only good for the environment but also good for business. The company recognizes that sustainable practices are becoming increasingly important to tenants, investors, and other stakeholders. By investing in renewable energy and reducing its carbon footprint, FPA Multifamily is positioning itself as a leader in sustainable real estate investment.

In conclusion, FPA Multifamily LLC is a leading real estate investment firm based in the United States of America. The company is committed to decarbonisation and reducing its carbon footprint, and is investing in renewable energy through corporate PPAs, on-site generation, and energy efficiency measures. FPA Multifamily's commitment to sustainability is not only good for the environment but also good for business, and the company is positioning itself as a leader in sustainable real estate investment.