Real estate consultancy launches energy arm
MAPP has launched a new sustainable energy procurement services arm.
The UK consultant and property manager announced the launch of Energy by MAPP, which will help clients secure renewable energy for their assets. The business line will be led by MAPP executive director of sustainability Rowan Packer.
Clients of the new business include Pioneer Group, a developer and operator of life science and technology campuses across the UK. MAPP brokered a rolling two-year virtual corporate power purchase agreement (CPPA) with Ray Valley Solar, an Oxfordshire-based solar farm. Under the agreement, four locations from the Pioneer Group portfolio will source green electricity from a single, dedicated solar PV farm.
CPPAs are fixed-priced, long-term electricity contracts which help enable renewable power providers to invest in new renewable power generators.
Nigel Mapp, founder and chairman, MAPP said: “We are continuously looking for ways that we can help our clients deliver their net zero carbon pathways and ESG strategies; providing an optimal sustainable energy choice is a key part of that.”