Canary Wharf Group has reached a 15-year deal with Brookfield, one of the world's biggest providers of renewable energy, to meet almost three-quarters of its electricity demand from wind power. The agreement will allow Canary Wharf to source its clean electricity directly from a renewable energy project, for the first time since 2012. Brookfield will provide the clean energy by growing its renewables portfolio with the development of a new onshore wind farm in Scotland, which is due to begin generating electricity from 2026. Overall, the agreement will meet at least 70% of CWG’s electricity consumption needs, while also providing the potential to power all residents, office occupiers and retailers across the 150 acres of Canary Wharf entirely by renewable energy. The wind farm is part of Brookfield’s pipeline of renewable projects and is expected to be commissioned by 2026. |
City AM (09/05/2023) The Guardian (08/05/2023) |