UK’s ‘1st’ Co-operative RE PPA In UK

UK’s Co-op Power & Zeigo Tender 100 GWh Renewable Energy Annually

UK’s ‘1st’ Co-operative RE PPA In UK

Zeigo’s online renewable energy online procurement platform is being utilized by Co-op Power to tender 100 GWh annually. (Illustrative Photo; Photo Credit: Thinnapob Proongsak/Shutterstock.com)

  • Co-op Power has launched a tender for 100 GWh renewable energy capacity annually through Zeigo
  • It will act as the anchor tenant offtaking majority of the tendered capacity, which it said would encourage more businesses to follow suit
  • The company has also pulled in 2 of its customers to bid for the joint PPA tender to lower their emissions

UK based renewable energy buying co-operative Co-op Power has joined hands with renewable energy online procurement platform Zeigo to tender 100 GWh annually for a ‘co-operative’ power purchase agreement (PPA), which the duo claims is the country’s 1st such arrangement. Co-op Power is part of the UK’s consumer co-operative group Co-op.

Under this, Co-op Power will use the digital procurement process to off-take majority of the volume tendered as anchor tenant. It has pulled in 2 of its customers to bid for a joint PPA tender to tackle their Scope 3 emissions.

“This will help open this avenue to businesses that otherwise might not have the energy requirements to do this on their own, into impactful, traceable renewable energy agreements directly with generators,” it explained.

Co-op Power said it has already been procuring renewable energy directly from 7 onshore wind and solar PV projects under long term PPA. Now it is going digital to secure clean energy options for its network.

“It is vital that we continue to work with other businesses to reduce costs and reduce carbon, we know from discussions with our own supply chain that 60% believe they don’t have the resource to reach net zero alone,” said Energy Procurement Manager of Co-op Power, Michael Mahoney.

Both Co-op Power and Zeigo did not did not share any more details about the tender.

Earlier this year, UK Investment Fund Downing LLP secured solar PPAs through the online platform of Zeigo that had 18 GW of renewable energy capacity on its PPA platform in April 2020 (see Online UK RE Procurement Platform Clinches 1st Deal). Now, it counts the total capacity to have grown to around 21 GW with more than 400 projects.

About The Author

Anu Bhambhani

Senior News Editor: Anu Bhambhani is the Senior News Editor of TaiyangNews. Anu is our solar news whirlwind. At TaiyangNews she covers everything that is of importance in the world of solar power.Before joining our team, Anu worked in various positions at publications of the Times Group in New Delhi. As a Principal Correspondent, she conceptualized special features and supplements for both The Times of India and The Economic Times. While Anu delved deep into solar at TaiyangNews, environment topics have been close to her heart before. As Assistant Editor, she was responsible for launching Planet Earth for The Economic Times, a special series on environment. Before joining the Times Group, Anu was a Copy Editor at the Hindustan Times.Anu holds a Masters degree in Journalism and Mass Communications from the University of Rajasthan. She also studied at the Centre for Science and Environment in New Delhi on E-Outreach: New Media Technologies for Advocacy and Strategic Communication, Social Media

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