Moving Beyond PPAs – Zeigo’s Latest Service Offering

Posted 8th July 2020 | 563 words | 3 minutes

Moving Beyond PPAs – Zeigo’s Latest Service Offering

Zeigo, the award-winning platform, has continued to scale its multiple service offering during the COVID-19 pandemic to assist organisations transition to clean energy and stimulate collaboration between the industry’s stakeholders. Amidst the urgent calls from global leaders for a green economic recovery that focuses on scaling renewable energy infrastructure, Zeigo is set for further global expansion over the next 12 months.

Now Covering the Full Spectrum of Sourcing Options

Full Spectrum of Sourcing Options

Used by corporations, energy suppliers and developers, Zeigo is expanding the procurement platform from Purchase Agreements (PPAs) to include Utility Green Procurement and Unbundled Energy Attribute Certificates (EACs).

It’s no secret the business case for renewables is compelling. Buyers are motivated by the offer to hedge against fluctuating wholesale energy prices, mitigate risks and to seek profitability from long-term price certainty. The reputational value from procuring renewable energy and elevation of a brand’s sustainability credentials is now frequently listed as a priority for executives as pressure mounts from investors and consumers for increased environmental stewardship.

Zeigo recognises the need for a flexible approach to renewable energy procurement as many corporates are positioned at varying stages of their journey towards 100% renewable energy. It is evident that the most sophisticated buyers prefer to use a combination of renewable solutions within their energy portfolio. These attitudes have motivated Zeigo’s expansion into green tariffs and EACs with trusted and reputable suppliers that is certified as 100% traceable renewable energy.

Bonus! Zeigo Kicks Off a New Monthly Report

Zeigo launches a monthly report that provides an overview of the main developments in the PPA and general power markets from the previous month.

Price transparency is one of the main barriers in renewable energy procurement. Without a reliable benchmark, energy managers have had to rely on generators and suppliers to gain an indication of fair prices. Zeigo Founder and CEO, Juan Pablo Cerda comments “At Zeigo, we believe that price transparency is critical to creating liquidity and efficiency in the market.”

Source: ENTSO-E

So, What’s Been Happening Lately?

Current PPA prices have not been immune to the steep decline in wholesale energy markets, driven by low oil and gas prices. Momentum around signing PPAs remains low during the month of May as companies continue to deal with the impact of COVID-19 on their businesses. However, the handful of PPA deals signed in June may be an indication of a slow recovery of the PPA market in Europe.

Register for a 3-month Free Trial

Zeigo’s monthly report is exclusive to registered users on the platform. Please contact info@zeigo.energy if you are interested in registering for a 3-month free trial of the platform. Trial services include the running of one free tender for PPAs, Green Energy contracts or certificates.

Based on our extensive industry knowledge and reliable data insights, here at Zeigo we recognise the vast opportunities to assist companies accelerate their transition into clean energy. The record-breaking prices on our renewable energy platform and provision of energy forward curves with data partners such as Cornwall Insight, Aurora and UK BEIS indicate the future looks bright.

Zeigo strives to create liquidity and long-term efficiency in the sector by making data previously unavailable, visible. Evidence includes the partnership with S&P Global Platts on the ‘European PPA price report’ and Bloomberg NEF’s ‘European Corporate PPA Price Survey’ which are now indispensable sources of market information.