Co-op switches 25 solar PPAs on Renewable Exchange platform

Renewable Exchange has announced that a renewable energy co-operative has used its platform to simultaneously tender and execute the power purchase agreements (PPAs) for 25 solar assets, including the Geraint Thomas National Velodrome in Newport.
Renewable Exchange said the Egni Co-op, set up in 2013 by the Awel Aman Tawe community energy charity, achieved better value PPAs for its solar assets, which will increase revenue from these sites. Using the online platform saved the co-op resources in completing the process.
“As community energy groups stretch their muscles on the road to net zero it’s likely that the number of sites and portfolios being managed by them will increase in both number and capacity,” said Alex Ferraro, development oficer at Egni Co-op. “PPA management can be a skill that’s missing from some community organisations so PPA management platforms such as Renewable Exchange could well be very helpful to many other organisations in the future.”
Egni Co-op started working with Renewable Exchange in May 2021. Renewable Exchange’s power purchase agreement forecasting tool allowed Egni Co-op to see live power market updates for their sites. When the market conditions became favourable, they executed a tender for all 25 assets in a single portfolio tender. The PPA prices achieved were reflective of Renewable Exchange’s forecast for the entire portfolio.
The Renewable Exchange digital platform offers a self-service system so a tender can be created at a time of the generator’s choice. The company said the Egni Co-op was able to execute its PPAs with a few clicks and awarded the portfolio to a supplier who shared their ethical business values.