US real estate management company Meridian Group announced this week that it has entered into a contract with energy company Constellation to purchase renewable energy certificates (RECs) for nearly its entire portfolio in the Washington, D.C., area.
The credits acquired will cover nearly all of the group’s electricity demand in 2022, which is estimated to be 114 million kilowatt hours per year. The Meridian Group has purchased RECs for all but two of its buildings, with intentions to purchase more RECs for the remaining two by 2024.
