Summary
- DLA Piper has advised Canary Wharf Group on a landmark 10-year Power Purchase Agreement (PPA) with ENGIE, aimed at supporting decarbonisation efforts.
- The PPA will supply renewable electricity from BSR’s 49.99 MW Knowl Green Solar Park, covering around 40% of CWG’s electricity demand and powering approximately 12,500 UK homes annually.
- This agreement is expected to avoid an estimated 11,000 tonnes of CO2 emissions each year while enhancing renewable energy generation capacity.
- The transaction highlights the increasing significance of corporate PPAs in facilitating the transition to a lower-carbon economy and advancing sustainability goals.
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