A new online renewable energy procurement platform has been launched the help large corporate energy users to save money and meet their sustainability and climate change objectives more easily.
Developed by Almach, a London renewable energy strategy consultancy, the RE-search portal links major energy users such as government agencies, councils and other public sector organisations, with renewable project owners and developers.
It offers a quick and easy energy procurement tool that identifies and secures long-term renewable energy supply via corporate power purchase agreements and short-term solutions through renewable energy certificates.
Juan Pablo Cerda, managing director at Almach, said: “Our Re-search portal accelerates and simplifies the renewable energy procurement process for major energy users. Based on our experience of working with corporate energy buyers, we identified a need to provide a clear, transparent view of renewable energy projects available around the world, whilst helping corporates reduce the costs and complexity of their clean energy sourcing and meet their sustainability and climate change policy objectives.”
He added that the process of identifying suitable projects “can be expensive and extremely lengthy and often a deal will not be concluded”.
“RE-search is free to use and will allow corporates to filter out projects that do not meet their specific requirements, be it size, start date, technology or location. This effectively creates a shortlist of relevant projects, saving buyers’ time and resources by connecting them with those developers that can deliver what they need.”
For corporate buyers who require a formal market tender, the RE-search platform also offers a simplified request for information process that will dramatically reduce the time and cost of undertaking a formal market assessment.
Re-search supports renewable energy developers to showcase their projects in one place, creating the liquidity and transparency that Almach says is currently missing across many global energy markets. With the removal of government subsidies in key markets, the ability to have a simple, reliable platform to connect with corporates is increasingly a key factor to a project’s success.
Cerda added: “We’re keen to shake up the way corporates and projects get connected in a very positive way, for both sides of the deal. With more and more large-scale corporates moving to 100 per cent renewables, we will see increased investment in the sector worldwide that will help contribute towards global climate objectives.
“Almach has relationships with hundreds of renewable developers worldwide, and the main issue they face is successfully marketing their projects to corporate off-takers and identifying which businesses are serious buyers and which are ‘window shopping’. There is also a lack of meaningful data around buying trends available to developers, so this, coupled with direct feedback on the competitiveness of their offering, is very valuable information. RE-search provides a solution.”