MALVERN, Pa.--(BUSINESS WIRE)--As a key housing partner to the U.S. Navy, Balfour Beatty Communities, is pleased to announce the completion of two large-scale projects within the Company’s Navy housing portfolio in direct support of the Navy’s energy resilience and climate goals.
In a multi-year project initiated in 2021, Balfour Beatty Communities developed a project for the installation of rooftop solar systems across the Navy housing communities located at Naval Air Station Jacksonville, Naval Air Station Key West, Naval Air Station Pensacola, Naval Air Station Whiting Field, and Naval Station Mayport, all located in Florida. The 10.55 megawatt project is now fully operational and brings Balfour Beatty’s total solar projects developed for military housing to more than 40 megawatts. This month, the company continued to advance its efforts in renewable energy, breaking ground on a new rooftop solar project that will bring close to 1 megawatt of capacity to the housing community at Portsmouth Naval Shipyard in Maine.
Balfour Beatty Communities also recently completed a development project for a $31 million Energy Savings Performance Contract (ESPC) bringing energy and water efficiency improvements to the housing communities at 11 Navy installations in the southeastern U.S. The turnkey project, delivered in partnership with ENGIE Services U.S., includes upgrades to high-efficiency HVAC systems, improved weatherization sealing, new water fixtures, and LED lighting for more than 5,000 homes. These measures will reduce energy and water consumption, generating close to $3 million in utility savings over the next year that will be reinvested into military housing communities.
“These projects not only reflect our dedication to innovative investment in military housing but also our commitment to advancing the Navy’s resiliency and energy security goals,” stated Ed Lopes, Vice President of Project Development for Balfour Beatty Communities’ Navy housing portfolio. “These efforts will also generate long-term value as utility savings are reinvested into our communities for renovations and other quality of life improvements for our service members and their families.”
“It is important that we continue to modernize our homes and infrastructure to ensure we meet the needs of Navy families today and into the future,” said Thomas C. McKelvey, Public Private Venture Director, AM5 Branch Head, Naval Facilities Engineering Command (NAVFAC) Southeast. “These energy and utility projects directly align with the Navy’s unwavering commitment to energy efficiency, resilience, and sustainability and demonstrate the value of our partnership with Balfour Beatty.”
Working closely with the Department of Defense, as part of the Military Housing Privatization Initiative (MHPI), Balfour Beatty Communities has delivered more than 14,000 new homes and significantly renovated an additional 15,000 housing units. MHPI, enacted in 1996, leverages private-sector capital and expertise to address the military’s backlog of deferred maintenance by expanding and upgrading housing, ensuring predictable, stable long-term operating costs and performance. Balfour Beatty Communities will finance, develop, build, renovate, and operate these projects for at least 50 years.
About Balfour Beatty Communities
Balfour Beatty Communities is an active owner and operator of residential real estate in the multifamily, student and military housing sectors across the United States. Since its inception in 1999, Balfour Beatty Communities has invested in nearly 100 properties representing more than $7.9 billion of gross asset value. Our broad in-house expertise includes decades of acquisition, development, finance, renovation, leasing and property/facility management experience. Leveraging this extensive expertise and a customer service-focused approach, Balfour Beatty Communities seeks to create value in its real estate projects while delivering exceptional living experiences. For more information, visit balfourbeattycommunities.com.
Balfour Beatty Communities is a subsidiary of Balfour Beatty Investments, Inc., Inc. and Balfour Beatty plc, a leading international infrastructure group.
