Commercial, Sourcing Renewables - June 29, 2022
London's Tube Seeks RE
The Mayor of London announced June 27 that the UK capital has launched a PPA tender in search of projects that could provide up to 10% of the electricity needs for the city’s transport network.
Mayor Sadiq Khan also kicked off London Climate Action Week by confirming that London has signed the Fossil Fuel Non-Proliferation Treaty in support of the city’s goal to reach net zero emissions by 2030. One step in that journey includes transitioning the Tube – the city’s subway system – to 100% renewable electricity by 2030, a goal that will be assisted by the new PPA tender released.
“As one of the largest electricity consumers in the UK, we are absolutely committed to doing what we can to decarbonise London through clean, renewable energy,” Lilli Matson, Chief Safety, Health and Environment Officer at Transport for London, said in a statement. “TfL is already a world leader in many environmental initiatives, and we are pleased to have now started procurement on our first Power Purchase Agreement which forms the next major step in our quest to make all our services powered via renewable electricity by 2030.”
Mayor Khan has long been an advocate for increasing the country’s net zero efforts; previous work of his includes collaborating with the London Pensions Fund Authority (LPFA) to divest from all extractive fossil fuel companies, as well as co-chairing the C40 Divestment/Investment network of 18 cities along with the Mayor of New York.
“The main cause of the climate emergency is fossil fuels so I’m calling on cities around the world to follow London’s lead and to commit to phasing out their use,” Mayor Khan said. “The cost of inaction to our economies, livelihoods, the environment and the health of Londoners is far greater than the cost of transitioning to net-zero - and we simply don’t have time to waste. This first step to powering the Tube network and TfL’s wider operations with 100 per cent renewable source electricity is another crucial part of reducing carbon emissions and building a better, greener London for everyone.”