{"id":17514,"date":"2015-08-09T14:03:08","date_gmt":"2015-08-09T18:03:08","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2015\/08\/local-energy-development-company-helps-caribbean-hotels-cut-their-energy-bills.html"},"modified":"2015-08-09T14:03:08","modified_gmt":"2015-08-09T18:03:08","slug":"local-energy-development-company-helps-caribbean-hotels-cut-their-energy-bills","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2015\/08\/local-energy-development-company-helps-caribbean-hotels-cut-their-energy-bills\/","title":{"rendered":"Local Energy Development Company Helps Caribbean Hotels Cut Their Energy Bills"},"content":{"rendered":"\n<div class=\"img-left\">\n<div><img loading=\"lazy\" decoding=\"async\" alt=\"red-feather-wm.jpg\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2015\/08\/red-feather-wm.jpg\" class=\"alignleft\" height=\"222\" width=\"300\" \/>\n<\/div>\n<div class=\"img-caption\">Redfeather Green Energy Development CEO Anntonette Alberti, left, and company President Marion Trieste work with hotels in the Caribbean on energy-saving initiatives\n<\/div>\n<\/div>\n<p>BY ANDREA PALMER<\/p>\n<p>Redfeather Green Energy Development<br \/>\nInc., based out of Saratoga Springs, is a<br \/>\nwoman-owned start-up company focused<br \/>\non implementing energy efficiency projects<br \/>\nfor the hotel sector in U.S. Caribbean territories,<br \/>\nwhere commercially-focused energy<br \/>\nefficiency service providers are scarce.<\/p>\n<p>&#8220;We decided to start Redfeather because<br \/>\nwe saw a very lucrative opportunity for<br \/>\nenergy investors that would also greatly benefit the environment and people in<br \/>\nstruggling economies,&#8221; said Redfeather CEO<br \/>\nAnntonette Alberti.<\/p>\n<p>That&#8217;s where Redfeather comes in.<br \/>\n&#8220;We have a great idea and we are working<br \/>\nwith teams of proven experts, both in the<br \/>\nU.S. and the Caribbean, to help us bring it<br \/>\nto life,&#8221; said Alberti.<\/p>\n<p>She said Caribbean energy prices are<br \/>\namong the highest in the world and are a<br \/>\nburden on the economic health of the tourism<br \/>\nsector, which is the economic engine<br \/>\nof the Caribbean. By helping businesses<br \/>\nsave on average 34 percent on their electric<br \/>\nbills, &#8220;we know we can help larger Caribbean<br \/>\neconomies,&#8221; she said.<\/p>\n<p>According to Redfeather President<br \/>\nMarion Trieste, energy costs in the Caribbean<br \/>\nIslands are among some of the highest<br \/>\nreported in the world. Diesel or heavy fuel<br \/>\nis commonly burned to generate electricity.<br \/>\nThe scarcity of commercially-focused energy<br \/>\nsavings companies, as well as an overall lack<br \/>\nof access to funding, leaves many in the<br \/>\nCaribbean hotel sector unable to convert to<br \/>\na more energy efficient plan.<\/p>\n<p>&#8220;Energy efficiency technology is helping<br \/>\nhotels save over 30 percent of their<br \/>\nelectricity costs annually. It is enormously<br \/>\nimportant and timely to conserve energy,<br \/>\nespecially in places that are paying the most<br \/>\nfor it,&#8221; said Trieste.<\/p>\n<p>Said Alberti, &#8220;We want to show the power<br \/>\nof private investment to achieve social<br \/>\ngood. Dollar for dollar, energy efficiency<br \/>\ninvestments are the most cost effective way<br \/>\nto reduce carbon emissions, even more effective<br \/>\nthan renewable energy. We had great encouragement from our new board member,<br \/>\nKarl R\u00e1bago, a nationally recognized expert<br \/>\nin clean distributed generation.&#8221;<\/p>\n<p>Redfeather helps oversee, coordinate,<br \/>\nfinance and procure clean energy efficiency<br \/>\nprojects. Projects come at no up-front cost<br \/>\nto hotel owners and are paid for by each<br \/>\nbusiness in installment payments, over the<br \/>\ncourse of five years. Completed projects are<br \/>\nsold into portfolio funds.<\/p>\n<p>Redfeather also provides support in<br \/>\nmarketing properties as environmentally<br \/>\nresponsible tourist destinations, including<br \/>\nverification of energy savings that can be<br \/>\nused to fulfill requirements of green tourism<br \/>\ncertification agencies.<\/p>\n<p>&#8220;Our business is focused on energy efficiency<br \/>\nfor hotels in the Caribbean and<br \/>\nmost of them are using solar energy to help<br \/>\nwith reducing energy consumption, said<br \/>\nTrieste. &#8220;Energy efficiency improvements<br \/>\ncan significantly cut operating costs, while<br \/>\nat the same time improving the real state<br \/>\nvalue of a property. It can be done in a way<br \/>\nthat attracts hotel guests, reduces carbon<br \/>\nfootprints and helps create sustainable<br \/>\nCaribbean jobs.&#8221;<\/p>\n<p>Alberti said the return on investment for<br \/>\nenergy efficiency projects in the Caribbean<br \/>\nis &#8220;indisputably high,&#8221; but each project is too<br \/>\nsmall to attract private investors. So, &#8220;we<br \/>\nrealized that we could bundle these projects<br \/>\nto make them attractive to investors.&#8221;<\/p>\n<p>Though Redfeather will initially be<br \/>\nfocused on the hotel sector in emerging<br \/>\nCaribbean economies, the company intends<br \/>\nto branch out into other sectors over time.<br \/>\nThe company website is www.redfeathergreenenergy.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Redfeather Green Energy Development CEO Anntonette Alberti, left, and company President Marion Trieste work with hotels in the Caribbean on energy-saving initiativesBY ANDREA PALMER Redfeather Green Energy Development Inc., based out of Saratoga Springs, is a woman-owned start-up company&#8230;<\/p>\n","protected":false},"author":121,"featured_media":23508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[98,115],"class_list":["post-17514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-new-businesses","tag-saratoga-springs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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