Zeigo’s online renewables procurement platform executes first PPA deal on behalf of Downing LLP

Posted 5th January 2021 | 325 words | 2 minutes

Zeigo’s award-winning renewable energy procurement online platform has for the first time executed a Power Purchase Agreement (PPA).

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Zeigo’s award-winning renewable energy procurement online platform has for the first time executed a Power Purchase Agreement (PPA). Working on behalf of Downing LLP, the UK investment fund which has over £1bn assets under management, Zeigo secured a PPA for two of Downing’s solar farms in Devon, with a major UK energy supplier.

By adopting the Zeigo online platform, which uses the very latest technology to simplify the renewable energy procurement process, Downing was able to execute the PPA at a favourable time, at a favourable price.

JP Cerda, CEO of Zeigo said: “Zeigo is delighted to support Downing in the execution of their two PPAs. By using our platform, we were able to create a very dynamic and simplified process between Downing and the energy supplier, providing easy price access and good timing to market.”

Lucy Underwood from Downing’s in-house asset management team said: “Engaging Zeigo facilitated the comparison of a larger range of suppliers, ultimately allowing us to secure the best terms in the market. With the assistance of Zeigo, the PPA transaction was made seamless where a quick and efficient service was provided.”

Zeigo cuts through the complexities of clean power procurement, tackling some of the most significant barriers that block market access such as lack of price transparency, limited market visibility and the complex legal process.

Zeigo uses smart technology to help companies find the best zero-carbon match for their energy consumption profile. Services include aggregation, access to comprehensive data reports, a tendering tool, a marketplace powered by Machine learning technology, and the ability to manage energy portfolios across the world, helping accelerate each organization’s ability to meet carbon mitigation and clean energy targets.

Zeigo is the one-stop-shop for stakeholders to transition to clean energy through Power Purchase Agreements (PPAs) and short-term contracts.

Get started on the Zeigo platform now, request a demo