{"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
\n
\"red-feather-wm.jpg\"\n<\/div>\n
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

BY ANDREA PALMER<\/p>\n

Redfeather Green Energy Development
\nInc., based out of Saratoga Springs, is a
\nwoman-owned start-up company focused
\non implementing energy efficiency projects
\nfor the hotel sector in U.S. Caribbean territories,
\nwhere commercially-focused energy
\nefficiency service providers are scarce.<\/p>\n

“We decided to start Redfeather because
\nwe saw a very lucrative opportunity for
\nenergy investors that would also greatly benefit the environment and people in
\nstruggling economies,” said Redfeather CEO
\nAnntonette Alberti.<\/p>\n

That’s where Redfeather comes in.
\n“We have a great idea and we are working
\nwith teams of proven experts, both in the
\nU.S. and the Caribbean, to help us bring it
\nto life,” said Alberti.<\/p>\n

She said Caribbean energy prices are
\namong the highest in the world and are a
\nburden on the economic health of the tourism
\nsector, which is the economic engine
\nof the Caribbean. By helping businesses
\nsave on average 34 percent on their electric
\nbills, “we know we can help larger Caribbean
\neconomies,” she said.<\/p>\n

According to Redfeather President
\nMarion Trieste, energy costs in the Caribbean
\nIslands are among some of the highest
\nreported in the world. Diesel or heavy fuel
\nis commonly burned to generate electricity.
\nThe scarcity of commercially-focused energy
\nsavings companies, as well as an overall lack
\nof access to funding, leaves many in the
\nCaribbean hotel sector unable to convert to
\na more energy efficient plan.<\/p>\n

“Energy efficiency technology is helping
\nhotels save over 30 percent of their
\nelectricity costs annually. It is enormously
\nimportant and timely to conserve energy,
\nespecially in places that are paying the most
\nfor it,” said Trieste.<\/p>\n

Said Alberti, “We want to show the power
\nof private investment to achieve social
\ngood. Dollar for dollar, energy efficiency
\ninvestments are the most cost effective way
\nto reduce carbon emissions, even more effective
\nthan renewable energy. We had great encouragement from our new board member,
\nKarl R\u00e1bago, a nationally recognized expert
\nin clean distributed generation.”<\/p>\n

Redfeather helps oversee, coordinate,
\nfinance and procure clean energy efficiency
\nprojects. Projects come at no up-front cost
\nto hotel owners and are paid for by each
\nbusiness in installment payments, over the
\ncourse of five years. Completed projects are
\nsold into portfolio funds.<\/p>\n

Redfeather also provides support in
\nmarketing properties as environmentally
\nresponsible tourist destinations, including
\nverification of energy savings that can be
\nused to fulfill requirements of green tourism
\ncertification agencies.<\/p>\n

“Our business is focused on energy efficiency
\nfor hotels in the Caribbean and
\nmost of them are using solar energy to help
\nwith reducing energy consumption, said
\nTrieste. “Energy efficiency improvements
\ncan significantly cut operating costs, while
\nat the same time improving the real state
\nvalue of a property. It can be done in a way
\nthat attracts hotel guests, reduces carbon
\nfootprints and helps create sustainable
\nCaribbean jobs.”<\/p>\n

Alberti said the return on investment for
\nenergy efficiency projects in the Caribbean
\nis “indisputably high,” but each project is too
\nsmall to attract private investors. So, “we
\nrealized that we could bundle these projects
\nto make them attractive to investors.”<\/p>\n

Though Redfeather will initially be
\nfocused on the hotel sector in emerging
\nCaribbean economies, the company intends
\nto branch out into other sectors over time.
\nThe company website is www.redfeathergreenenergy.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

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…<\/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":"\r\nLocal Energy Development Company Helps Caribbean Hotels Cut Their Energy Bills - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2015\/08\/local-energy-development-company-helps-caribbean-hotels-cut-their-energy-bills\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Local Energy Development Company Helps Caribbean Hotels Cut Their Energy Bills - 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