Mars moves to 100% renewable electricity for UK operations with help of Hogan Lovells
12 May 2016
Hogan Lovells has advised Mars on a 10 year energy supply agreement to purchase green electricity from Eneco's new 20-turbine Moy Wind Farm, located south of Inverness in the Scottish Highlands. The Moy Wind Farm is owned and operated by Eneco UK and will generate the equivalent of 100% of the electricity required to power all 12 Mars UK sites.
This strategic move is the latest step on Mars’ journey towards making its global operations fully carbon-neutral by 2040.
The Moy Wind Farm has an export capacity of 60 MW and an annual consumption of over 125,000 megawatt-hours. The power generated is equal to that used by 34,000 average UK households.
London energy lawyers Alex Harrison and Adrian Walker at Hogan Lovells advised Mars on the deal.
Alex Harrison commented:
"This is an important transaction that demonstrates how large corporates and industrial players can structure their energy consumption to sustainably reduce greenhouse gas emissions and how corporate PPAs can be used to support the development of renewable generation in a changing energy market."
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