Corporate and institutional buyers are increasingly purchasing renewable energy directly from solar and wind farms. Given economies of scale, the most attractive prices in a power purchase agreement (PPA) are retained on large-scale (30 megawatts or over) projects. But small to mid-size organizations, including higher education institutions, also have the opportunity to participate in the emerging market for these deals.
While scale is key to getting the best deal and making the biggest impact, aggregating demand with another party can help even a small or decentralized organization achieve the economies of scale larger corporates have captured through renewable energy purchases. CFR has facilitated multiple aggregation deals with higher eds serving as “anchor” institutions -- including an MIT-led procurement for a 650-acre, 60-megawatt solar farm in North Carolina, in partnership with Boston Medical Center and Post Office Square.
If you are interested in learning more about aggregation, please contact us.