Accelerating Clean Energy: Corporate Renewable PPA Forum
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By Joe Phelan, WBCSD | Accelerating Clean Energy 2017, Delhi
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Accelerating Clean Energy: Corporate Renewable PPA Forum
- 1. Accelerating Clean Energy Joe Phelan November 28, 2017
- 2. The objective of the Corporate Renewable PPA Forum is to increase understanding and use of corporate renewable PPAs – globally. The forum convenes electricity buyers (sustainability and procurement functions), developers / utilities as well as financial and legal stakeholders: • Organises workshops and webinars which provide an independent talking space for all stakeholders; • Publishes reports incl. case studies and best practice examples to allow other actors to move the market together with the members of the forum; • Seeks conversations with policymakers and regulators to address regional and national policy barriers. Corporate Renewable PPA Forum Renewable developers Buyers incl. energy- intensive industry Lawyers, accounting firms, investors Regulators and policy makers The Corporate Renewable PPA Forum The value added: - Sharing market insights and knowledge - Contributing and learning from other companies
- 3. 2016: Report: Corporate Renewable Power Purchase Agreements: Scaling up Globally
- 4. Members: a mix of Indian and international buyers and developers 2017: Corporate Renewable PPA Forum - India deep-dive Focusing on the Indian market conditions for PPAs, it aims to raise awareness of the opportunities and benefits of Corporate Renewable PPAs, increase the knowledge of key terms, and influence central-level government policy. India partnersSupported by
- 5. Options to implement a renewable electricity strategy On-site / near-site generation Purchasing from an on-site or near-site project with a behind- the-meter corporate PPA Investing directly in an on-site or near-site renewable power asset Off-site generation Purchasing from an off-site project with a corporate PPA Investing directly in an off-site renewable power asset RESCO CAPEX
Editor's Notes
- A report that guides companies through the process of procuring renewable power via Power Purchase Agreements (PPAs). Chapter1 : What can a renewable energy strategy look like? Chapter2 : What is a corporate renewable PPA and what are the benefits? Chapter3 : Where are the global hot spots for corporate renewable PPAs? Chapter4 : Which aspects should corporate buyers consider? Chapter5: Which aspects are relevant for project developers? Chapter6: Why are banks’ views important? Chapter7: What to consider in multiple buyer PPAs? Chapter8: Enabling policy frameworks
- RESCO have 20% market share with buyers mostly from Residential and public sector CAPEX have 80% market share with buyers mostly from Commercial & Industrial Buyer(Tata Motors – RESCO e.g.) getting approx. 30 Lac units of solar power per Annum from 2MW Plant in Gujarat. Monthly Payment to investor based on consumption of Generated power @ PPA rate. Buyer (Godrej-RESCO e.g.)Savings of INR 0.87/kWh to 2.75/kwh for buyer company with 8 PPAs across various states in India IDEA - 19% of Idea own towers powered by hybrid solutions. Cumulative installed capacity of RET through Hybrid Installations & PPAs, against Idea’s consumption is approx. 12 MW with estimated annual savings of ₹ 35.7 Million from PPAs alone. Solar constitutes 8.75MW Renewable Energy Certificates : Traded at INR 3.5/kWh & INR 5.8/kWh. Solar RECs not trades presently due to a stay imposed by the Supreme Court over reduced prices to INR 1.0/kWh and INR 2.5/kWh by Central Electricity Regulatory Commission (CERC). Procuring green tariffs : Some markets (and the utilities active in them) allow consumers to purchase green electricity through a special supplier tariff. In this structure the utility contracts with the developer while the corporate buyer contracts with the utility. Examples of this green tariff structure in early 2016 from the US market include Walmart purchasing through Alabama Power from an Origis Energy project. Also, Apple and Switch contracted through NV Energy from SunPower and First Solar projects.