eRENEWABLE brings technology to the sustainability space by hosting real-time online auctions for Power Purchasing Agreements (PPAs) and Virtual PPAs. Our electronic management tool also streamlines RFP processes for these products. Additional services include energy consulting and assisting with bundled and unbundled Renewable Energy Credits (RECs) requirements
If your company is looking for impactful ways to reduce your collective carbon footprint, both the PPA and VPPA are becoming a workable option for a growing number of companies. Our online auction platform is a digital posting-board that allows developers to market their PPA or VPPA projects to pre-qualified buyers in real time via timed forward auctions. eRENEWABLE will host the site as the broker and coordinates the auction events. A third-party advisor will perform the necessary financial calculations required for the buyer’s review. eRENEWABLE’s network of buyers and sellers provide interested parties with a robust audience to market their projects to, providing access to a wider variety of project options in all US markets.
GOOD BUSINESS LEADERSHIP
Organizations exploring the renewable market are typically focused on sustainable business practices, reducing their carbon footprint, and investing in renewable energy. As with any investment, the impact of these “green” initiatives is fundamental in evaluating their true return of on investment. For example, purchasing unbundled RECs is a low impact solution for achieving certain renewable energy goals. These RECs are more easily attainable than other options, and may either come from new or existing resources anywhere in the country or from any “renewable” energy resource.
Signing a PPA or VPPA with a new solar project is substantially more impactful, since the long-term contractual commitment to buy the project’s energy enables the development of the project, and the inclusion of the bundled RECs recognizes the clean power production. This enables organizations to claim that their renewable energy purchase has a direct and meaningful impact on the addition of a new renewable energy project. This impact translates to significant marketing and branding opportunities, and organizations are certainly jumping on board.
If your company is looking for impactful ways to reduce your collective carbon footprint, as well as providing financial and marketing benefits, a PPA or VPPA may be a viable option.