Renewable Energy World: Five Companies You’ve Definitely Heard of Join Up to Buy Solar Energy in Aggregation Deal

Company News

Renewable Energy World: Five Companies You’ve Definitely Heard of Join Up to Buy Solar Energy in Aggregation Deal

January 17, 2019

On January 17 Renewable Energy World described how the LevelTen Energy platform helped the Corporate Renewable Energy Aggregation Group close power purchase agreements.

Here is an excerpt from the article:

It’s hard to find a common thread between the business models of Gap, Bloomberg, Cox, Salesforce and Workday but today they are announcing that they all have one big thing in common: their desire to clean up their organizations’ energy supply by using renewable energy.

LevelTen Energy and its renewable energy procurement platform helped these household names close on 42.5 MW of a 100-MW North Carolina solar project, which was developed by BayWa r.e. This group of companies, coming together as the Corporate Renewable Energy Aggregation Group, is one more example of companies aggregating similar, relatively small amounts of renewable energy and collaboratively enter into a virtual power purchase agreement (VPPA).

Today’s announcement between five international businesses lays the groundwork for other corporates to procure renewable energy cooperatively, maximizing value and reducing risk, according to the companies.

To read the full article, visit RenewableEnergyWorld.com.