Potential offtaker

Watkin Jones PLC

www.watkinjones.com

Estimated electricity consumption

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Countries of production presence

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Watkin Jones PLC is a leading developer and operator of purpose-built student accommodation in the United Kingdom. The company has a strong track record of delivering high-quality, sustainable developments that meet the needs of students and universities alike. With a focus on decarbonisation and renewable energy, Watkin Jones is committed to reducing its carbon footprint and contributing to the UK's transition to a low-carbon economy.

Founded in 1791, Watkin Jones has a long history of innovation and excellence in the construction industry. Today, the company is a market leader in the student housing sector, with a portfolio of over 40,000 beds across the UK. Watkin Jones' developments are designed to provide students with a safe, comfortable and convenient living environment, while also meeting the needs of universities for high-quality accommodation.

One of the key priorities for Watkin Jones is decarbonisation. The company recognises the urgent need to reduce greenhouse gas emissions and tackle climate change. To this end, Watkin Jones has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy. The company is committed to achieving net-zero carbon emissions by 2030, in line with the UK government's target.

To achieve this goal, Watkin Jones is investing in a range of decarbonisation measures, including energy-efficient building design, low-carbon materials, and the use of renewable energy sources. The company is also exploring the potential of corporate power purchase agreements (PPAs) to support the development of new renewable energy projects. A corporate PPA is a long-term agreement between a company and a renewable energy generator, under which the company agrees to purchase a specified amount of renewable energy at a fixed price. By entering into a corporate PPA, Watkin Jones can support the development of new renewable energy projects, while also securing a reliable and cost-effective source of renewable energy for its own operations.

In addition to its focus on decarbonisation, Watkin Jones is also committed to improving its corporate energy efficiency. The company has implemented a range of measures to reduce its energy consumption, including the installation of energy-efficient lighting and heating systems, the use of smart building controls, and the adoption of energy management systems. These measures have not only reduced Watkin Jones' carbon footprint, but have also resulted in significant cost savings for the company.

Renewable energy is another key focus area for Watkin Jones. The company is committed to increasing its use of renewable energy sources, such as solar and wind power, to reduce its reliance on fossil fuels. Watkin Jones has already installed solar panels on a number of its developments, and is exploring the potential of other renewable energy technologies, such as ground source heat pumps and biomass boilers.

Overall, Watkin Jones is a company that is committed to sustainability and decarbonisation. The company recognises the urgent need to tackle climate change and is taking proactive steps to reduce its carbon footprint and increase its use of renewable energy. By investing in sustainable building design, energy-efficient technologies, and renewable energy sources, Watkin Jones is helping to drive the transition to a low-carbon economy in the UK.

✓ Declared Net Zero commitment