Renewable Power Purchase Agreements (PPAs) are the future of energy.
Not only do they provide long-term affordability, improved price visibility and expense certainty to help you manage your finances, they offer real cost savings. They’re also linked to renewable energy sources, so you know you are taking climate leadership and doing your bit to reduce your impact on the environment.
Renewable PPAs can be sourced from renewable energy assets inside or outside of your site.
On-site (or behind the meter) PPAs are suitable for industrial sites that have enough available space. Off-site (or grid level) Renewable PPAs allow you to source renewable energy from larger assets, meaning reduced costs through economies of scale.
ENGIE offers a range of renewable PPA structures: either physical or virtual, based on existing or new assets, from one or many renewable energy plants. ENGIE also offers on-site storage and energy price risk management services (such as balancing and firming) to manage the intermittency of renewable production and match it with your consumption profile.
Simply Energy, ENGIE’s retail energy business, brings all these elements together to provide you with an integrated renewable solution.
Typically, the longer the contract, the lower the price. Shorter term contracts (<10 years) draw from ENGIE’s portfolio of operating renewable generation and contracts with other developers. These contracts offer you the most flexible contracting terms. Longer term contracts (10-15 years) support construction of additional renewable facilities and take full advantage of the falling cost of renewables. These contracts usually provide the most cost benefits.
We’d be pleased to devise a tailor-made solution for you, simply contact Luke Peacocke, Renewable PPA Originator Luke.firstname.lastname@example.org to get the conversation started.
ENGIE today officially opened its Willogoleche Wind Farm in Hallett, South Australia. The wind farm represents a $250 million investment by ENGIE and follows a $75 million upgrade to its 500MW Pelican Point Power Station, one of the most environmentally friendly of its type in Australia.