Offsite Green Corporate PPA: guaranteed green electricity, at a competitive price
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.
What does it consist in?
- Offsite Green Corporate Power Purchase Agreements are fixed term contracts between a renewable energy producer and an electricity consumer (industries, service sector, communities, etc.).
- These contracts are known as offsite when energy production equipment is not installed on a customer’s premises - as opposed to onsite PPAs where renewable generation facilities are set up on a user’s site. The advantage of offsite schemes is that they enable the development of higher capacity wind or solar farms, and benefit from the best locations for the most cost-efficient electricity production.
- Already commonplace in North America and the Nordic countries, Green Corporate PPAs are undergoing considerable growth in Europe today, particularly due to falling green energy production costs.