Energy buying group Co-op Power is to double its number of power purchase agreements (PPAs), as it looks to expand its offering. As part the Co-op group’s recent ten point climate plan, the membership organisation is working to achieve net zero emissions from its operations by 2040 and will expand its wind and solar energy buying group as part of this. Co-op Power is to develop a co-operative PPA proposition that will allow multiple customers to join together to negotiate a PPA with third parties. Should the customers fail to meet a required purchasing threshold, Co-op Power will step in and commit as a further partner within the agreement, making up any shortfall. This will help those who otherwise might not have the size or capability to do this in house to commit to a PPA.
Solar Power Portal 23rd June 2021 read more »
Co-op Power has today unveiled wide-ranging plans to rapidly expand its business and increase its support for UK wind and solar projects through a new wave of Power Purchase Agreements (PPA). The energy arm of the Co-op said it was set to save customers 1,000 tonnes of carbon emissions a day as part of ambitious plans to deliver 30 per cent growth this year. The company - which is the biggest energy buying co-operative in the UK – said it intended to use its collective buying might to help Co-op suppliers, and other businesses, save money and source green, low-cost energy.
Business Green 23rd June 2021 read more »