The Clinton Climate Initiative (CCI) has signed its first ever project development agreement under its Energy Efficiency Building Retrofit Program.
The efficiency retrofit will be for the 700,000-square-feet Inorbit Mall, the largest in Mumbai, India, owned by K Raheja Corp., a developer in the realty and construction industry in India.
Under the agreement, Johnson Controls (NYSE: JCI) will perform energy efficiency retrofits to reduce greenhouse gas emissions by improving the energy infrastructure at the mall, while reducing energy costs and operational expenses.
Clay Nesler, vice president of global energy and sustainability for Johnson Controls, said "We are especially proud that this agreement represents the first project in the world to be signed as part of the Clinton Climate Initiative."
In 2007, the K Raheja Corp pledged to design future projects to conform to the Leadership in Energy and Environmental Design (LEEDÒ) Green Building Rating System.
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