Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

NJ Future Forum 2012 Energizing Redevelopment Johnson


Published on

Published in: Technology, Business
  • Be the first to comment

  • Be the first to like this

NJ Future Forum 2012 Energizing Redevelopment Johnson

  1. 1. Renewables andRedevelopment:A Private Sector PerspectiveNew Jersey Future Redevelopment Forum March 9, 2012 Richard F.X. Johnson Matrix Development Group
  2. 2. Matrix Renewable Energy Solutions 7 rooftop locations, 3.6 million SF of roof area Approximately 23 megawatts (MW) total array capacity  9 MW direct to grid with PSE&G  14 MW on five rooftops serving 8 firms Typical structure: long-term rooftop lease, rental based upon power production SREC price risk to solar developer, not building ownersLessons learned: the roof is valuable asset; beware of“two chucks and a truck”; know where the moneycomes from
  3. 3. The Other Renewables:Energy Efficiency: Updating the Old with New Technology Inventory of Existing Buildings/Under Construction (source: Cushman & Wakefield 2nd Quarter 2011 Report  Office: 183.3 million SF existing; 0.59 million SF under construction  Industrial: 606.6 million SF existing: 0.92 million SF under construction Average cost of energy in an office building is approximately $2.80/SF/year; in a warehouse building approximately $0.50/SF/year. A 10% reduction in consumption would save approximately $82 million a year, creating about $820 MM in additional value Go to for program descriptions
  4. 4. Renewing Embodied Energy:The State Strategic Plan meets The Energy Master Plan Embodied energy  “The sum of energy inputs (fuels/power, materials, human resources, etc.) that was used in the work to make any product, from the point of extracting and refining materials, bringing it to market, and disposal/re- purposing of it.” The value of in place infrastructure, and the difficulty of financing new infrastructure The legacy of the single-use corporate campus – the urban exodus to Northern New Jersey in the 1970s and 1980s. Redevelopment as a cost-competitive, sustainable economic development strategy.