Advantages of using green energy
More and more companies recognise the need to become carbon neutral to support the goal of limiting global warming to 1.5 degrees in line with the Paris Agreement.
Signing a Corporate Power Purchase Agreement (PPA) creates a direct link between a business and the Renewable Energy projects. The generator will transfer the green certificates, helping to achieve the goal of becoming carbon neutral.
Using renewable energy can also help achieve cost savings through avoiding grid charges or lower electricity prices and lock in power prices for up to 20 years.
Private Wire projects (directly connected generation from a generator adjacent to the industrial site) can bring businesses additional cost savings. In contrast, virtual or sleeved PPAs (contracting with projects that are not in the vicinity of the industrial site) have size advantages and can deliver large amounts of renewable energy, including across country borders.