March 30, 2020
REsurety contributes a chapter on how to manage risk in virtual PPAs through Volume Firming Agreements in this new report by RE-Source, a joint platform of WindEurope, SolarPower Europe, the RE100, and the World Business Council for Sustainable Development.
Corporates have a variety of different drivers for looking to source power from renewables, but the possibility to lower and fix electricity costs is a major part of the rationale for these deals. A recent survey of 1,200 companies across six countries showed that, of those sourcing renewables, 92% of them are doing so in order to reduce energy costs. Although decarbonisation commitments often provide the initial driver to consider renewable corporate sourcing, the ability for a PPA to reduce energy cost volatility and generate savings on energy bills over the long term is cited by
most corporates as providing the main business case.
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