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CHP Business Impact Scenario
Fairmont Pacific Rim
Adjacent to the Vancouver Convention Center, the 450-room Fairmont Pacific Rim offers stunning views of the harbour, North Shore Mountains, and city skyline. However, it faces high operational costs and strict environmental regulations, including the Greenest City Action Plan (GCAP) and Accor’s goal to reduce carbon emissions.
Combined Heat and Power (CHP) systems could cut energy costs by over 70% at the 180,000-square-foot hotel, with a payback period of a few years. The Canada Infrastructure Bank (CIB) provides funding for clean energy projects, and the Canadian Renewable and Conservation Expenses (CRCE) offer tax incentives to lower implementation costs.
Key Benefits*
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Electricity Cost: CHP generates electricity at CAD 0.022 per kWh, compared to CAD 0.125 with the utility.
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Natural Gas Savings: Heat from cogeneration offsets the hotel’s natural gas usage with 80% efficiency, saving over CAD 185,000 in natural gas costs.
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Total Value: The total value over ten years, including the projected increase in resale price, exceeds CAD 45 million.
How Will CHP Impact Your Business Performance?
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CHP Business Impact Scenarios use current energy data to make projections and exclude financing and incentives to estimate the Internal Rate of Return and Ten-Year Value. These figures are preliminary estimates, with more accurate projections to be determined by the Combined Heat & Power Primary Energy Accelerator.
Disclaimer: The CHP Business Impact Scenarios presented on this website are hypothetical and intended as examples of the potential benefits of Combined Heat and Power (CHP) systems. These scenarios are based on publicly available data, primarily from sources such as the U.S. Energy Information Administration (EIA), British Columbia Utilities Commission (BCUC), UK Department for Business, Energy & Industrial Strategy (BEIS), Deutsche Energie-Informationsdienst (EID), Statistics Finland (Tilastokeskus) and Greek Regulatory Authority for Energy (RAE). All findings and calculations have been independently derived without direct input or involvement from the property owners. Actual results may vary based on specific site conditions and operational factors.