Three-year deal supplies renewable energy to UK portfolio
Knight Frank has announced a three-year renewable energy supply contract with TotalEnergies.
The company said the agreement is valued at over £180m across the term.
Knight Frank added that the contract covers the commercial properties it manages in the UK, its own occupied offices and other properties where it acts as energy and sustainability advisor.
The consultancy said the deal provides hourly matched REGO-backed power, access to corporate power purchase agreements and green gas.
Knight Frank stated that it will deliver over 100,000 tonnes of CO? savings across its estate and managed portfolio over the three years.
David Goatman, global head of energy and sustainability at Knight Frank said: “We are delighted to have agreed this new contract with TotalEnergies, one of the largest of its kind in the UK property industry.
For over 15 years we have been advising our clients on sustainable energy procurement strategies and a partnership of this scale is a testament to our ability to deliver renewable energy at an attractive cost to our clients.
Contracts such as this play an important role in portfolio decarbonisation strategies and demonstrate a clear statement of our own corporate commitments to sustainable business operations.”
Michael Lewis, national head of property management at Knight Frank said: “Procuring sustainable and cost-effective energy for the buildings we manage is of central importance to us and our clients.
We manage a commercial property portfolio of over £20bn of across the UK and this contract covers the vast majority of our AUM.
It is an important part of our wide-ranging and market-leading ESG services offered to our clients.”
