Achieving Affordable, Clean Energy Goals Through Off-Site Corporate PPAs

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Corporations are becoming increasingly focused on lowering and hedging their electricity costs and improving their sustainability practices. One way that corporations are accomplishing these goals is by purchasing electricity or by hedging electricity prices through solar and wind power purchase agreements (PPA). Corporations, by entering into PPAs with solar and wind project developers, are becoming more inclined to purchase renewable energy through long-term, fixed-price contracts, which in many jurisdictions are cheaper than their current cost of electricity and which further supports their corporate sustainability goals.

Spotlight

Novasys Greenergy Private Limited

Novasys Greenergy Private Limited has set up state of the art, fully automatic PV Panels manufacturing facility. Our Unique Selling Point(USP) is our strategical tie up with German technology and Our highly accurate testing equipment which do not let a single defective panel skip our notice thus contributing us an edge in the quality & reliable of our product over others. We are also managing solar assets of the Megawatt scale solar power plants with our expertise in EPC, I&C and O&M. Our experienced team ensures optimum and ON time deliveries of our services. We also undertake BTS, Tower erection, I&C and O&M of the assets of telecom operators.

OTHER ARTICLES

Recognizing and solving challenges in renewable energy land usage

Article | February 14, 2020

As anyone familiar with the saga of the Spotsylvania solar project knows, an inherent difficulty in developing renewable energy projects comes in finding the right project location, both in terms of size and siting. This is one of the topics analyzed in a new report released by The Brookings Institute: “Renewables, land use, and local opposition in the United States.” It’s a hard fact that renewable generation uses more land than fossil fuel systems, with solar having slightly lower median land use than both on- and offshore-wind, despite a large variance in total land density values. While this presents an issue for renewable developers, the silver lining is that renewable energy can be sustained indefinitely on the same land base, while mines and wells will eventually run out. As a solution, the study recommends greater development on brownfields, as well as floating PV, though the authors do recognize the capped potential of floating PV at around 10% of current U.S. electricity generation.

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2020: The Year of Convergence in Corporate Renewables

Article | February 14, 2020

The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.

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These solar-charged electric vehicles could change the world

Article | February 14, 2020

With people working from home and generally staying in spring 2020, publications around the world have reported on a significant decrease in air pollution. Wouldn't it be great if we could keep emissions low, even after the threat of Covid-19 has dissipated? One company is trying to make that happen. Earlier this week, The New York Times reported that traffic and air pollution have plummeted as cities shut down due to the coronavirus. While there are no silver-linings to the COVID-19 pandemic, our response to this crisis shows that we are capable of abrupt changes when the situation necessitates them. Perhaps we can even reverse climate change. A key factor in bringing this change will be altering the way we commute. One company, Aptera Motors, is trying to make this happen with solar-charged electric vehicles.

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How the solar industry can deal with supply chain interruptions during COVID-19

Article | February 14, 2020

With the onslaught of the worldwide COVID-19 pandemic, we are all experiencing an unprecedented time. As the global economy wrestles with defining which industries and businesses are essential and non-essential, the United States has determined that construction, manufacturing and energy are essential businesses. Many companies and jobs within the solar industry fall into construction, manufacturing or energy, and in some cases all three categories. At Quest Renewables, we have outlined how we can limit interruptions to our supply chain during the current atmosphere. Our hope is that you will find this information helpful.

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Spotlight

Novasys Greenergy Private Limited

Novasys Greenergy Private Limited has set up state of the art, fully automatic PV Panels manufacturing facility. Our Unique Selling Point(USP) is our strategical tie up with German technology and Our highly accurate testing equipment which do not let a single defective panel skip our notice thus contributing us an edge in the quality & reliable of our product over others. We are also managing solar assets of the Megawatt scale solar power plants with our expertise in EPC, I&C and O&M. Our experienced team ensures optimum and ON time deliveries of our services. We also undertake BTS, Tower erection, I&C and O&M of the assets of telecom operators.

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