Our Green PPAs (Power Purchase Agreements) give our clients access to renewable energy that is both reliable and certified, while fixing the costs of their energy consumption. The Green Corporate PPA enables our clients to decarbonize their energy consumption while anchoring their costs. Designed for businesses and communities, this medium or long-term contract (from 5 to 20 years) enables the purchase of renewable energy at a predefined and stable price from ENGIE.
The Green Corporate PPA is the best way to achieve a rapid switch to green energy sourcing. There are two types of Green PPAs: offsite and onsite.
ENGIE already provides more than 3.5 GW in offsite Green Corporate PPAs in countries where the market is expanding: United States, Mexico, Brazil, Chile, Norway, Spain, Italy, France... We work with many prestigious clients such as L'Oréal, Walmart, Microsoft, Google, Allianz, T-Mobile, Adisseo, Wienerberger, the City of Houston and Boston University.
How does it work? The client makes a commitment with ENGIE to purchase a certain amount of green electricity produced by a renewable energy farm, at a rate defined in advance (whether fixed or indexed) for a period ranging from 5 to 20 years.
What are the advantages? The client benefits from a direct link between the electricity they use and the electricity produced by the contracted renewable energy farms. Thus, they can attest to the renewable origin of the electricity consumption and show for the client’s commitment in relations to short supply chains and local approaches.
How does it work? Similarly to physical Corporate PPA, the client agrees to a long-term purchase of an amount of electricity from ENGIE at a predefined rate (fixed or indexed). This purchase enables ENGIE to invest in new green energy infrastructure.
ENGIE then resell and valorize the electricity the client has purchased on the market. Therefore, the client’s existing contract remains unchanged, while they benefit from the guarantees of origin from the contracted renewable assets.
Virtual Corporate PPAs are an ideal solution when physical Corporate PPAs would be too expensive, for example when a customer has multiple sites across several countries.
What are the advantages? Simply and quickly decarbonize sites while contributing to the development of new renewable energy farms in geographic locations where the conditions are most suitable.