Renewable energy targets at reduced cost
Renewable energy targets are now a business imperative and a board-level priority.
We provide market-leading assistance to deliver long-term cost savings at the same time as meeting ambitious renewables targets.
A strategic issue: we conducted a global survey of senior executives at 100 energy-intensive companies with over US$1b each in revenues. Our survey confirmed that renewable energy has become a strategic issue at the C-suite level of billion-dollar corporations, especially given that a significant – and rising – share of operating costs is being spent on energy.
A range of options: renewable energy opportunities will exist onsite and offsite across multiple technologies and countries. Companies typically need a portfolio of renewable options to reach strategic targets, achieve significant savings and mitigate various risks.
PPA implementation: long-term Power Purchase Agreements (PPAs) are an increasingly popular way for large corporates to reach ambitious renewables targets, and at the same time achieve power price security and costs savings.
Our approach to providing renewable energy and PPA services
EY is a recognised market leader for providing global PPA services: strategy formulation, project origination, structuring and evaluation – all underpinned by robust financial and commercial analysis.
We have first-hand PPA experience (physical and virtual structures) in multiple countries across Europe, North America, LatAm, and Asia-Pacific, for companies in a wide range of industries: Consumer Products, Retail, Telecoms/Technology, Financial Services and Pharma, as well as some Public Sector organisations.
The diagram below illustrates some of our renewable energy strategy and PPA implementation services through a typical corporate journey.