Commercial, Solar, Sourcing Renewables  -  January 8, 2024

Workspace Group Adopts Solar

Workspace Group PLC, a London-based owner and operator of sustainable, flexible work space, announced it entered into a Corporate Power Purchase Agreement (CPPA).

The agreement was entered into with Statkraft, a European generator of renewable energy, who will supply about two thirds of the Group’s expected electricity demand for the next 10 years.

The supply agreement starts February 1, 2024. 

Workspace will use all the electricity generated by a newly constructed solar plant in Devon. This move further solidifies Workspace’s position as a market leader in providing sustainable work spaces and accelerating the transition to being net zero carbon by 2030. 

The agreement will also help Workspace’s customers reach their own sustainability goals by significantly reducing their emissions. 

“Today we have taken a significant step on our path to net zero carbon by decarbonizing around two thirds of our portfolio’s electricity use,” said Sonal Jain, Head of Sustainability at Workspace Group, in a statement. “The recent agreement at COP28 for countries to triple their renewable energy capacity by 2030 is supported by decisions like ours, which enable new capacity on the grid, rather than simply procuring from the existing supply. This is by far the most responsible way we can acquire a substantial share of clean green electricity.”