Google & LevelTen Make Renewable Energy PPAs Easy As Pie

The basic idea is to build a portfolio or sort of “mutual fund” of renewable energy projects, which can be tailored to the individual buyer.

In addition, the customized agreement was tailored to Starbucks’ particular needs in particular locations, rather than locking the company into predetermined volumes.LevelTen had a portfolio of more than 1200 wind and solar projects involving 150 developers and almost 110 gigawatts in capacity back in 2018. In 2020 they launched LevelTen Marketplace 4.

“Even before buyers and sellers enter into negotiations, traditional RFPs create an information imbalance between parties. Uncertainty and unpredictability create delicate conditions that can increase the complexity of negotiations between parties down the line,” Google explains.

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