News Article | 3/26/2008

Hillwood signs renewable energy deal for AllianceTexas, Victory properties

Hillwood has made the leap to green power by signing a 100-percent renewable energy contract for its properties in North Texas.

The new agreement calls for the purchase of more than 65 million kilowatt hours for Hillwood’s AllianceTexas, a 17,000-acre development 15 miles northwest of Dallas/Fort Worth International Airport, and Victory Park, a 75-acre development near downtown Dallas.

Current Energy, a Dallas-based company providing energy efficiency products and services for commercial and residential customers, negotiated the renewable energy contract with TXU Energy on behalf of Hillwood. Renewable energy resources rely on fuel sources that restore themselves, such as wind, solar, hydro, biomass and/or landfills.

Dallas-based Hillwood also has received the U.S. Environmental Protection Agency’s status as a “Green Power Partner,” making it the second-largest real estate purchaser in the United States, and the largest real estate purchaser in Texas, among companies dedicated to using renewable energy, according to the EPA.