German property giant IVG has announced it will supply green power to a first tranche of around 50 properties in its portfolio. The green power consists 100% of hydroelectric and has been certified with the Green Power Label Gold.

The switch to 100% green power will generate annual savings of 3,129 tons of carbon dioxide, said Thomas Beyerle, responsible for Corporate Sustainability at IVG. 'In this way another step of transforming our real estate portfolio will be realized on the basis of sustainable criteria. The target properties have a current power consumption of 5,557,964 kWh per year,' he added.

IVG Immobilien is one of the leading listed real estate companies in Europe with assets under management valued at EUR 22 bn.