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Starbucks signs unique community solar deal involving 23 projects in New York


The solar projects will provide more than 119,885 MWhs of clean energy to Starbucks New York stores and the surrounding community annually, supporting Starbucks’ multi-decade commitment to becoming a resource-positive company by storing more carbon than it emits and reducing carbon by 50% by 2030. Starbucks has committed $97 million of tax equity to the community solar projects, in an innovative collaboration with Generate and Churchill Stateside Group.
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“At Starbucks, our vision is to become resource positive, to give more than we take from the planet. People is what this climate crisis is all about and so we must focus on the people who are disproportionally impacted by climate change,” said Michael Kobori, chief sustainability officer, Starbucks. “That is why we go beyond simply powering our stores with green energy; we’re committed to supporting and strengthening underserved communities and using our scale for good to bring more clean ....

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Generate Announces Unique Partnership With Starbucks to Supply Clean Energy to Starbucks Stores and Provide Affordable, Green Power to Surrounding Communities With New York Community Solar Projects


SAN FRANCISCO (BUSINESS WIRE) May 13, 2021
Generate, a leading provider of sustainable infrastructure, announced today that it has put the first six of up to 23 New York State community solar projects into service under an innovative multi-year facility with Starbucks Coffee Company. The projects are expected to supply solar energy for local Starbucks stores and up to 24,000 households, small businesses, nonprofits, churches, universities and stores in multiple geographies, including those designated as under-served communities. In addition to clean energy, program participants will receive a discount to their current electricity rates under New York State’s Community Distributed Generation program, making clean energy access more affordable. ....

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Investor bonanza as commercial property listings start to flow


Investor bonanza as commercial property listings start to flow
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A swath of properties across the healthcare, office, hotel and service station sectors are being offered and snapped up as vendors tap into the demand for bricks and mortar assets by investors in the current low interest rate environment.
Office and industrial landlord Growthpoint has raised $66.1 million through the sale and leaseback of the Quad 2, 6 Parkview Drive and Quad 3, 102 Bennelong Parkway, Sydney Olympic Park.
EG Funds Management has acquired the property for their Urban Regeneration joint venture. ....

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