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Luxury hotel operator Maybourne has announced a 15-year power purchase agreement (PPA) with Low Carbon to supply 100% of the energy needs for its London hotels: The Berkeley, The Connaught, The Emory, and Claridge’s.
The PPA agreement for 32 GWh of renewable energy per annum is being exported from Low Carbon’s operational Maldon Wycke Solar Farm in the UK.
For the offtaker, Maybourne, the agreement ensures long-term energy price stability and helps mitigate any market volatility, while reflecting a growing trend of organisations seeking contracts directly with renewable energy generators to help decarbonise their portfolios.
Maybourne owns and operates six hotels, four in London and one each in Beverly Hills and the French Riviera, and is looking to have 15 to 17 sites by 2035.
Roland Fasel, group chief operating officer at Maybourne, added: “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.”
Roy Bedlow, founder and chief executive of Low Carbon, 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 and demonstrates to Maybourne’s hotel guests, and our customers more widely, our 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.”
