Egni Co-op is a renewable energy co-operative set up in 2013 by the Awel Aman Tawe community energy charity with the aim to fight climate change. Egni Co-op secured high-value power purchase agreements (PPAs) for 25 solar assets, including the Geraint Thomas National Velodrome, using the Renewable Exchange platform to simultaneously tender and execute the deal. Better value PPAs for their solar assets will increase the Co-op's revenue from these sites and using the online platform saved them valuable resources in completing the process.
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 become 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 easily created at a time of the generator's choice. Easy-to-use interface makes the process simple and transparent. Egni Co-op was able to execute their PPAs with a few clicks and awarded the portfolio to a supplier of their choice who shared their ethical business values.
Renewable Exchange strives to work closely with community organisations helping renewalbe generators make the right decisions for their assets' PPAs, allowing them to choose their preferred supplier and execute at a time of their choice.
Today, one third of UK community sites by installed capacity use the Renewable Exchange platform to secure their short and long-term power purchase agreements.
Renewable Exchange makes the PPA tendering process more transparent by providing data previously inaccessible to many small-scale generators and as a results helping them secure better prices for their PPAs.
"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. 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."
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