Webinar: New Renewable Energy Procurement Models Opening the Market to Midsized Corporations

Market Insights
June 27, 2019

Webinar Date & Time: July 24, 2019, 11:00 a.m. PT

Speakers: Rob Collier, Vice President of Developer Services, LevelTen Energy and Zach Starsia, Senior Manager, Origination, LevelTen Energy

Two corporate renewable energy deals made headlines this year for being unprecedented: First, Bloomberg, Cox, Gap Inc., Salesforce and Workday aggregated to collectively purchase 42.5 megawatts of renewable energy, becoming the anchor tenant on a solar project. Then, Starbucks made waves when it procured 146 megawatts of renewable energy through a portfolio of power purchase agreements with three different wind and solar projects.

At first glance, these deals don't seem related, but each are the result of a fundamental shift in the way renewable energy is bought and sold. Corporations are now able to purchase a slice of a project's capacity, rather than committing to purchase the majority of energy the project will produce.

This seemingly simple concept has far-reaching effects. Now, midsized corporations can team up to become the anchor tenant on a project, enabling the developer to get the financing it needs to start construction without a utility or large corporate buyer on board. At the same time, a single corporation can now purchase many slices of different types of projects, creating a portfolio that diversifies and reduces risk - the one thing that's been holding many buyers back.

On July 24, 2019, at 11:00 a.m. PT, LevelTen Energy will host a webinar describing how these new procurement models work in practice, including:

  • The two routes corporate buyers can take to participate in an aggregated deal:

1) Buyer-led: When buyers find each other, align on priorities, and then look for a project that meets everyone's needs (with help from a shared advisor)

2) Platform-driven: When buyers share their needs with LevelTen, which then matches them with other buyers and a project that meets all parties' needs (communication goes through LevelTen; buyers don't have to interact with each other)

  • How renewable energy portfolios are created, and how portfolios maximize value and minimize risk
  • What a corporation needs to consider when putting together a portfolio of power purchase agreements

This webinar is a can't-miss for any corporate buyer that is considering entering into a power purchase agreement to meet their renewable energy goals.

UPDATE 07/24/2019: Registration is now closed for this event. If you would like to receive a recorded version of the webinar, please contact us.

LevelTen Energy

LevelTen Energy is the leading provider of renewable transaction infrastructure, delivering the cloud-based software, centralized supply, automated analytics, and expertise required to accelerate clean energy transactions. The LevelTen Platform is the world’s largest online hub for renewable energy buyers, sellers, advisors, asset owners and financiers. The Platform includes the LevelTen Energy Marketplace, which delivers access to more than 4,000 power purchase agreement price offers spanning 21 countries in North America and Europe. It also includes the LevelTen Asset Marketplace, which brings together over 470 renewable energy project developers and owners, and delivers the online tools and expertise they need to buy, sell and finance assets quickly. Together, LevelTen and its partners share #OneGoal to accelerate the energy transition.

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