CLIMATE & CARBON
12
Renewables
Greystar’s approach to renewable energy deployment combines strategic partnerships, innovative assessment tools, and targeted implementation across our global portfolio.
Over 3,000 Greystar owned & managed properties onboarded onto a solar planning and implementation support platform
Onsite Solar Feasibility Analysis: Our US Property Management solar strategy has been enhanced through partnerships with our suppliers. Our partners provide asset and property management teams with preliminary feasibility assessments, clear potential savings and implementation options, and end-to-end project management from request for proposal to installation. Since launching in 2024, this program has generated significant interest, with almost 20 properties currently under evaluation and six projects in implementation stages. Post-installation, properties benefit from reduced carbon impact, enhanced compliance with building performance standards, and capacity to implement additional energy reduction initiatives. Onsite Solar Installations: Greystar continues to expand our solar portfolio across diverse property types and regions. Our Modern Living Solutions factory completed a solar design to achieve net zero operations and support lower carbon property development for our modular build properties. Our modular projects incorporate renewable energy where feasible, with solar installations completed at our Pittsburgh property and planned for future developments. Beyond our US operations, Greystar assets in Australia and China have also successfully integrated rooftop solar installations this past year.
Renewable Energy Procurement: Our European portfolio is a leader in renewable energy adoption, particularly in the Netherlands through our Dutch Essential Housing Venture. These properties will utilize innovative thermal energy storage systems for heating and cooling, complemented by extensive solar panel installations. In the US, we seek to procure renewable energy for our assets where available and economically feasible, with a focus on assets with building performance standard compliance requirements. In fact, in the US in 2024, approximately 10.5 MWh of sourced energy came from wind, solar, or thermal generators. Electric Vehicle Infrastructure: As adoption of electric vehicles (EV) grows, so does demand from residents for accessible charging stations. Our approach to EV charging installation responds to market demands while ensuring strategic deployment of resources. In the US, our property-specific assessments incorporate five-year demand projections, competitive market analysis, and detailed financial modeling to optimize charging station placement and pricing strategies. This data-driven methodology has enabled us to maintain pace with increasing resident demand while ensuring infrastructure investments align with long-term property value enhancement objectives.
1 MWh solar installation designed and planned for installation at our Modern Living Solutions factory in 2025
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