How do you best procure renewable energy to decarbonise your demand base?
As part of an ongoing drive to go green and reduce its carbon footprint, a technology major looked to identify the best sources of renewable energy within key European markets.
The company tapped Baringa to shape a new energy strategy that included studying and identifying the best power producers. We were tasked with assessing power purchase agreements (PPAs) for 10 shortlisted European markets, all while ensuring an optimised procurement strategy and renewable energy portfolio.
We took a deep dive into European renewables
We brought in a tried-and-tested team of energy industry experts to understand the client’s needs. We also worked to identify the geographical and economical requirements of each impacted European market – from major political, regulatory and economic barriers and drivers to signing PPAs across key markets.
It was essential to compare PPA opportunities across Europe with a focus on onshore wind, offshore wind and solar PV. The team closely studied various power producers to gain a view of the health of the wider renewables pipeline, as well as understand how major developers stacked up against each other and which ones were best matched to the client’s renewable energy strategy.
Minimising market risk and maximising carbon abatement
Our team produced deep-dive PPA reports for 10 shortlisted European markets, covering the economic potential, carbon abatement and key execution risks with each power producer.
In addition, we developed a three-round procurement strategy, identifying high-impact, low-risk PPA opportunities within an optimal procurement window. We used it to support the company through their first proposals to energy suppliers, ensuring end-to-end support of the new renewable energy strategy.
We were also determined to sow the seeds of continuous renewable energy improvement. We did so by having Baringa market experts develop and deliver bespoke European Renewable Energy 101 workshops to various client stakeholder teams. In this way, we’re helping the company ensure that their push to go green continues beyond agreements with renewable power producers.
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