With rising energy costs and the passage of the COP21 resolutions, business and real estate operators are hyper-focused on reducing energy costs in Asia. With low cap rates and high PE multiples, significant opportunity to use energy to create asset and enterprise value across the region exists.
GreenGen Asia is focused on working with local institutions, as well as foreign-owned local subsidiaries to use energy to create value, and the opportunities are numerous.
In recent years, the Japanese government (METI) has significantly increased energy related incentives to help promote energy efficiency across all commercial sectors. In addition, on April 1, 2016, the Japanese government deregulated electricity supply, creating an opportunity to create further savings by lowering the cost of power consumed.
In addition, governmental and financial pressures have increased the focus on energy related solutions across Asia, and in particular in its largest markets: China, Japan, and Korea.
Recent examples of GreenGen’s work in Japan includes:
- Multifamily portfolio, Tokyo – GreenGen has performed energy assessments of numerous multifamily assets on behalf of its global opportunity client, implementing LED lighting equipment and controls.
- Class A Office, Tokyo – GreenGen conducted an assessment of prominent Class A office building with a focus on aligning energy consumption and operating hours. The solution has a heavy controls function, as well as lighting, mechanical, and VFDs.
- Manufacturing Facility, Sendai – One of GreenGen’s global PE clients owns a portfolio company with a manufacturing facility in Sendai. GreenGen Japan engineered a comprehensive energy solutions focused on reducing energy related operating costs. Both supply-side and demand-side measures are included.
- Industrial Flexspace, Tokyo – GreenGen has performed an energy assessment of this flex-industrial space used by a leading Japanese-listed company to house an engineering and support business unit. The solution includes lighting, mechanical, and controls.