"What we are seeing in the market right now is extraordinary...our clients are saving millions of dollars over the life of their PPA..."
Boulder, CO (PRWEB) September 27, 2015
Renewable Choice Energy announced today that it was selected by industry media company Environmental Leadership to appear in the 2015 Insider Knowledge Report. The Report is published annually with the goal of leveraging best practices and lessons learned from industry insiders. Renewable Choice was selected to appear in the Alternative Energy section of the report, alongside Bloomberg, General Motors, and Qantas Airways, among others.
Renewable Choice’s submission to the Report explored the firm’s work in the commercial & industrial (C&I) power purchase agreement (PPA) market. In recent months, this market has exploded as organizations from a variety of sectors adopt these long-term procurement agreements. PPAs, long used by banks and utilities, have recently gained traction among C&I buyers as a means to take advantage of historically low wind and solar power prices and clean technology’s stable generation and price predictability.
“What we are seeing in the market right now is extraordinary,” said John Powers, VP of Business Development for Renewable Choice’s PPA division. “Large buyers across the U.S. are turning to PPAs as a means to lock-in a stable energy price for anywhere from five to 20 years. Our clients are saving millions of dollars over the life of their PPA, while simultaneously meeting their sustainability goals and satisfying a variety of stakeholder demands.”
The first use of the C&I PPA is attributed to the University of Oklahoma, who agreed to the purchase of 101.2 megawatts (MW) of wind power back in 2008. Since that time, the volume of new wind and solar projects developed in response to PPA demand has substantially increased; to date in 2015, 11 corporations and two municipalities have executed PPAs, for a total of 1741 MW of wind and solar power. This number is expected to continue to increase through the final quarter of 2015.
Advising C&I buyers on PPAs is the latest in a number of pioneering products and services offered by Renewable Choice, including helping to broker the first corporate green power deal in 2006. The company received the Green Power Supplier of the Year award from the U.S. EPA in 2012 and 2014 and was recognized as a “Best for the Environment” B Corp in 2013. Information about the company’s PPA advisory services can be found at http://www.renewablechoice.com/products-services/power-purchase-agreements/.
About Renewable Choice
Renewable Choice Energy is a pioneering global supplier of products and services that advance clean energy development and the adoption of carbon reduction technologies, providing customized solutions to corporate, industrial, and institutional buyers. Recognized as a leading partner to more than 160 Fortune 500 companies and a generous cross-section of the Global 500, the firm’s portfolio also includes scores of educational institutions, municipalities, green buildings, and small-to-medium enterprises. Renewable Choice was the recipient of prestigious Green Power Leadership Awards from the U.S. Environmental Protection Agency in 2006, 2012, and 2014, and is a certified B Corporation.
To learn more, visit http://www.renewablechoice.com.