Global renewable energy company, Low Carbon, has announced a new Power Purchase Agreement (PPA) with the luxury hotel operator, Maybourne, bringing the total amount of energy contracted from projects via PPAs to nearly 200 GWh annually.

The latest PPA is part of a 15-year agreement for 32 GWh of renewable energy per annum that will provide power for 100% of the group’s London hotels including the Berkeley, the Connaught, the Emory and Claridge’s. The clean energy 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.

Low Carbon is rapidly establishing itself as a leading IPP and a partner capable of delivering renewable energy at scale to customers in a wide range of sectors.

In January, a 10-year agreement for 10 GWh 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 150 GWh of clean electricity annually from an onshore wind project in Finland and two solar sites in the UK.

The total amount of energy to be supplied by Low Carbon via PPAs is now the equivalent of powering an estimated 60,000 homes across the UK, Finland and Canada with clean electricity each year.

Commenting on the announcement, Founder and Chief Executive of Low Carbon, 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 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.”

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”.