Novus launches energy saving initiative
Dubai, November 13, 2013
Novus Community Management, a UAE-based real estate services company, has launched its energy programme, to reduce the environmental impact of residential and commercial buildings.
The Novus Energy Program, in partnership with EnergyX and Emrill Energy, is expected to see savings of up to Dh350 million ($95.3 million) over 10 years, said a statement.
The company set out to reduce energy bills across its portfolio by 35 per cent without imposing any additional cost on property owners, to tackle the huge cost of utilities which account for an average of 42 per cent of unit service charge costs, it said.
“Energy represents the single largest operational cost for all building owners and US studies have proven that every building wastes between 20 to 40 per cent of its energy bill. The biggest challenge for Dubai is the fact that electricity prices have not historically been linked to inflation, resulting in lower pricing and leading to unchecked and increased consumption,” said Alastair McCracken, CEO.
The programme combines technology, financing and local project delivery with programme partners that include EnergyX, a Hong Kong-based energy performance financing group and Emrill Energy, a successful partnership between Crowley Carbon, Ireland and the leading facilities management company, Emrill Services.
The partnership offers owners’ associations an energy saving initiative with free building energy audits that require no commitment, 100 per cent guarantee on projected energy savings, 100 per cent financing of energy project costs, free warranties on project equipment and maintenance of equipment, said the statement.
“After a complete audit of all communities managed by Novus, Emrill Energy was able to identify staggering results of up to 33 per cent in energy cost savings. This would translate to annual savings of Dh110 million when fully implemented in our 39 residential towers. We estimate the potential for savings across the entire city of Dubai would be in excess of Dh5 billion over 10 years at current prices, and could result in a reduction of 5.9 million tonnes of CO2 emissions.This initiative enables property owners to save energy costs with no risk and no up-front capital expenditure,” said Ben Churchill, managing director, Emrill Energy.
Emrill Energy solutions provides innovative products and solutions for HVAC, air handling, chilling, refrigeration, motive power, lighting and renewable energy. - TradeArabia News Service