Green Power for IVG (DE)

Within the framework of implementing its sustainability strategy IVG will take an important step forward. As a result of a tender for the delivery of green power, the Frankfurt-based Mainova AG will supply green power to a first tranche of around 50 German properties belonging to IVG.

The green power which Mainova AG procures directly from the power plant operator consists to 100% of hydroelectric power, and has been certified with the Green Power Label Gold.

"In this way another step of transforming our real estate portfolio will be realized on the basis of sustainable criteria" said Thomas Beyerle, responsible for Corporate Sustainability at IVG.

"The target properties have a current power consumption of 5,557,964 kWh per year. By switching to 100% green power our environment is being burdened by 3,129 tons less of carbon dioxide emissions per year," added Beyerle.

Only green power products marked by high environmental benefits are awarded the GSL Green Power Label. Key criterion for the certification is that the utility company invests a fixed sum for every kilowatt-hour of green power sold into new renewable energy plants. In this case, €0.02/ kWh are invested in renewable energy facilities.

By promoting environmentally friendly systems, green power translates into additional environmental benefits: It ensures an incremental change in the structure of power generation, and contributes to the advancement of so-called renewable power generation systems over and above the compliance with the German Renewable Energy Act.

Source: IVG Immobilien AG

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