Oliver s’Jacob, Danielle Hirsch and Nafeesa Deen recently authored an article forBE Newson renewable power purchase agreements being the key to unlocking real estate development, as well as a means for the sector to address challenges posed by climate change. In the article, they discuss the benefits RPPAs can bring to real estate developments.
“This rising demand for energy, juxtaposed against increased political pressure to address climate change, means that renewable energy solutions are of growing importance for the real estate industry.
“Developers need to consider adopting effective energy procurement strategies, not just to hit sustainability targets, but also to persuade planning and other authorities that their developments will not be a drain on the grid. This is of particular importance to energy-intensive developments, such as new housing estates and data centres. Renewable power purchase agreements (RPPAs) may well provide the answers”.