BNP Paribas and Conrad Energy have formalised their energy partnership with a rooftop ceremony held at the former’s London headquarters. The event marks the start of work on Conrad Energy’s flagship solar project in Herefordshire, for which the parties signed a 15-year Power Purchase Agreement (PPA) in April 2023.
The PPA will see BNP Paribas, the eurozone’s largest bank and a founding member of the UN Environment Programme Finance Initiative’s Net-Zero Banking Alliance, displace around 9,432 tonnes of carbon each year from their UK operations.
At the ceremony, Steven Hardman, CEO of Conrad Energy, presented Emmanuelle Bury, UK Country Head of BNP Paribas, with wildflower seeds to celebrate the project’s enhanced biodiversity.
Commenting on the partnership, Emmanuelle Bury said: “We are excited to be working in partnership with Conrad Energy to deliver this corporate PPA. The energy from Larport is a key step in decarbonising our UK operations; with this agreement in place we have taken a significant step on our path to net-zero banking.”
Steven Hardman added: “We are delighted to be building a long-term relationship with BNP Paribas and to help facilitate their journey to net zero. Power purchase agreements and ongoing relationships such as ours are essential to the growth of the renewable energy sector. We’re proud to have achieved such a significant milestone on our flagship solar site, reaffirming our commitment to supporting the UK in achieving its net zero ambitions.”
BNP Paribas and Conrad Energy held a rooftop ceremony at the former’s London headquarters to mark the start of work on the latter’s flagship solar project in Herefordshire. The parties have signed a 15-year Power Purchase Agreement (PPA), through which BNP Paribas will displace around 9,432 tonnes of carbon from their UK operations each year. At the ceremony, wildflower seeds were presented to symbolise the project’s enhanced biodiversity.
Emmanuelle Bury, UK Country Head of BNP Paribas, said: “The energy from Larport is a key step in decarbonising our UK operations; with this agreement in place we have taken a significant step on our path to net-zero banking.” Steven Hardman, CEO of Conrad Energy, added: “Power purchase agreements and ongoing relationships such as ours are essential to the growth of the renewable energy sector. We’re proud to have achieved such a significant milestone on our flagship solar site, reaffirming our commitment to supporting the UK in achieving its net zero ambitions.”
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.