Balfour Beatty Communities Delivers Energy and Utility Projects in Support of Navy Energy and Climate Goals
03 Mayo 2024 - 7:00AM
Business Wire
As a key housing partner to the U.S. Navy, Balfour Beatty
Communities, is pleased to announce the completion of two
large-scale projects within the Company’s Navy housing portfolio in
direct support of the Navy’s energy resilience and climate
goals.
In a multi-year project initiated in 2021, Balfour Beatty
Communities developed a project for the installation of rooftop
solar systems across the Navy housing communities located at Naval
Air Station Jacksonville, Naval Air Station Key West, Naval Air
Station Pensacola, Naval Air Station Whiting Field, and Naval
Station Mayport, all located in Florida. The 10.55 megawatt project
is now fully operational and brings Balfour Beatty’s total solar
projects developed for military housing to more than 40 megawatts.
This month, the company continued to advance its efforts in
renewable energy, breaking ground on a new rooftop solar project
that will bring close to 1 megawatt of capacity to the housing
community at Portsmouth Naval Shipyard in Maine.
Balfour Beatty Communities also recently completed a development
project for a $31 million Energy Savings Performance Contract
(ESPC) bringing energy and water efficiency improvements to the
housing communities at 11 Navy installations in the southeastern
U.S. The turnkey project, delivered in partnership with ENGIE
Services U.S., includes upgrades to high-efficiency HVAC systems,
improved weatherization sealing, new water fixtures, and LED
lighting for more than 5,000 homes. These measures will reduce
energy and water consumption, generating close to $3 million in
utility savings over the next year that will be reinvested into
military housing communities.
“These projects not only reflect our dedication to innovative
investment in military housing but also our commitment to advancing
the Navy’s resiliency and energy security goals,” stated Ed Lopes,
Vice President of Project Development for Balfour Beatty
Communities’ Navy housing portfolio. “These efforts will also
generate long-term value as utility savings are reinvested into our
communities for renovations and other quality of life improvements
for our service members and their families.”
“It is important that we continue to modernize our homes and
infrastructure to ensure we meet the needs of Navy families today
and into the future,” said Thomas C. McKelvey, Public Private
Venture Director, AM5 Branch Head, Naval Facilities Engineering
Command (NAVFAC) Southeast. “These energy and utility projects
directly align with the Navy’s unwavering commitment to energy
efficiency, resilience, and sustainability and demonstrate the
value of our partnership with Balfour Beatty.”
Working closely with the Department of Defense, as part of the
Military Housing Privatization Initiative (MHPI), Balfour Beatty
Communities has delivered more than 14,000 new homes and
significantly renovated an additional 15,000 housing units. MHPI,
enacted in 1996, leverages private-sector capital and expertise to
address the military’s backlog of deferred maintenance by expanding
and upgrading housing, ensuring predictable, stable long-term
operating costs and performance. Balfour Beatty Communities will
finance, develop, build, renovate, and operate these projects for
at least 50 years.
About Balfour Beatty Communities
Balfour Beatty Communities is an active owner and operator of
residential real estate in the multifamily, student and military
housing sectors across the United States. Since its inception in
1999, Balfour Beatty Communities has invested in nearly 100
properties representing more than $7.9 billion of gross asset
value. Our broad in-house expertise includes decades of
acquisition, development, finance, renovation, leasing and
property/facility management experience. Leveraging this extensive
expertise and a customer service-focused approach, Balfour Beatty
Communities seeks to create value in its real estate projects while
delivering exceptional living experiences. For more information,
visit balfourbeattycommunities.com.
Balfour Beatty Communities is a subsidiary of Balfour Beatty
Investments, Inc., Inc. and Balfour Beatty plc, a leading
international infrastructure group.
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Surabhi Verma Director, Stakeholder Communication Balfour Beatty
Communities 267-887-0706 SVerma@bbcgrp.com