Landlord and Tenant Obligations to Provide Renewable Electricity
This clause is a fundamental part of any landlord and tenant’s strategy to reach net zero.
What this clause does
This is a low barrier to entry clause that delivers emissions reductions for landlords and tenants by ensuring that electricity supplied to a leasehold property is from renewable sources.
Clauses
100% Renewable Energy means an energy system where all the energy used is sourced from Renewable Energy Sources.
[Renewable Energy Certificate means a renewable energy certificate[or an equivalent certificate] for energy consumed within the Premises and generated from a recognised source of renewable energy for which such certificates are available.]
Renewable Energy Sources means naturally replenishing non-fossil sources of energy, including but not limited to hydropower and tidal power, hydrothermal power, aerothermal power and geothermal power, wind, and solar [which are in each case eligible for certification as Renewable Energy Certificates].
[Drafting note: 'Renewable Energy Sources' may be defined differently depending on the jurisdiction (State) that the asset is located in. Parties should understand what falls within the definition of Renewable Energy Sources in each relevant jurisdiction.]
Definitions
100% Renewable Energy means an energy system where all the energy used is sourced from Renewable Energy Sources.
[Renewable Energy Certificate means a renewable energy certificate[or an equivalent certificate] for energy consumed within the Premises and generated from a recognised source of renewable energy for which such certificates are available.]
Renewable Energy Sources means naturally replenishing non-fossil sources of energy, including but not limited to hydropower and tidal power, hydrothermal power, aerothermal power and geothermal power, wind, and solar [which are in each case eligible for certification as Renewable Energy Certificates].
[Drafting note: 'Renewable Energy Sources' may be defined differently depending on the jurisdiction (State) that the asset is located in. Parties should understand what falls within the definition of Renewable Energy Sources in each relevant jurisdiction.]
How are you using our clauses?
We'd like to hear how you've implemented our clauses in your organisation.