NextEnergy Group, a leading player in the global solar sector, is pleased to announce that it has signed a Corporate Power Purchase Agreement (“PPA”) with DLA Piper, a global law firm, making this the first transaction of this kind in the legal sector.
DLA Piper will be the first global law firm to benefit from a corporate PPA which will be powered by a 13MW solar asset, to be built and operated in Somerset, England, by NextEnergy Group. Once the plant is energized, the renewable power will be supplied directly to the national grid and thereby connected ‘virtually’ to DLA Piper, powering 15 European and UK offices that are taking part in the project. The PPA is a major milestone in DLA Piper’s journey to decarbonize and halve its greenhouse gas emissions in absolute terms by 2030.
This agreement sets another benchmark for NextEnergy Group as we continue to help large corporates step up to tackle their climate change agenda, decarbonize their carbon footprints and bring security to their power price.
Ross Grier, UK Managing Director of NextEnergy Capital, added, “The corporate PPA market continues to strengthen. Corporate PPAs will form an important component of the way companies seek to decarbonize over the next decade and it’s a pleasure being at the forefront of this with DLA Piper in the legal sector. NextEnergy Group is a leading developer and asset owner in the UK solar sector and it’s great to supplement our portfolio with this relationship with DLA Piper.”
Natasha Luther-Jones, DLA Piper’s International Head of Sustainability and ESG and Global Co-Chair Energy and Natural Resources, said,
“DLA Piper’s collaboration with this to be built solar farm is yet another illustration of our commitment to reducing our carbon footprint through innovative solutions. We are the first law firm to enter into a corporate PPA so this project is a true statement of our ambition to be one of the most impactful business law firms for sustainability.”
Simon Levine, Global Co-CEO at DLA Piper, said, “Sustainability and innovation are both fundamental to how we operate within DLA Piper and this project is a perfect illustration of both of these at work.