Expert: Developers Should Seek Alternative Energy

This is Part II of a two-part series.

NEW YORK CITY-The assumption always has been–if you build it, the local utility will hook it up, but that will mostly likely not always be the case. So said Frederick Fucci, a partner at Arnold & Porter LLP, at Wednesday’s PLI Green Real Estate Summit 2008 chaired by Ellen Sinreich of Green Edge LLC.

In a session titled, “Climate Change and Alternative Energy Sources,” Fucci, who followed CTG Energetics Inc.’s Christopher Pyke’s discussion of climate change, focused on encouraging the audience to look at alternative energy solutions when planning and developing real estate. He also pointed to the growing trend towards encouraging or mandating developers to meet LEED standards and use other energy-efficient building methods.