Global renewables company Low Carbon has today inked a landmark Power Purchase Agreement (PPA) with UK luxury hotel operator Maybourne.
Low Carbon will provide 100% clean energy for all of Maybourne’s London hotels, including the Berkeley, the Connaught, the Emory and Claridge’s.
The PPA is part of a 15-year agreement to provide 32GWh of renewable energy each year from Low Carbon’s Maldon Wycke Solar Farm in the UK.
Low Carbon said that for Maybourne, the agreement will ensure long-term energy price stability and help mitigate any market volatility.
It also reflects a growing trend of organisations seeking contracts directly with renewable energy generators to help decarbonise their portfolios, the company added.
Low Carbon is keen to expand its reach as an independent power producer (IPP) and a partner capable of delivering renewable energy at scale to customers in a range of sectors.
Founder and chief executive Roy Bedlow, said: “Today’s announcement confirming that we will power Maybourne’s London hotels with 100% renewable energy marks another step forward in Low Carbon’s journey to becoming a leading IPP.”
He added that the deal demonstrated Low Carbon’s “commitment to delivering renewables at scale and fighting climate change”.
“Furthermore, our concerted effort to deliver into the corporate PPA market aligns with the UK Government’s own push to encourage energy intensive industries, such as tech firms, to locate in the UK by enabling secure access to sufficient supplies of clean, homegrown energy,” Bedlow said.
Maybourne group chief operating officer Roland Fasel said: “At Maybourne we recognise the crucial role which the hospitality industry has to play in achieving net zero and we aim to consistently make changes for the better.
“We are proud to have worked in partnership with Low Carbon to ensure that 100% of the electricity for our London hotels is provided via renewable energy.
“It is important, now more than ever, that we leave the right footprint for our guests and colleagues by maximising our ESG strategy.”
Low Carbon said the latest agreement brings the total amount of energy contracted from projects via PPAs to nearly 200GWh annually.
In January, a 10-year deal for 10GWh of renewable energy from Low Carbon’s Lethbridge 1 solar project in Canada was announced with Deep Sky, the Quebec-based carbon removal project developer.
Last year, Low Carbon finalised PPAs with Lloyds Banking Group and chemicals company, Ecolab, for a combined 150GWh of clean electricity annually from an onshore wind project in Finland and two solar sites in the UK.