Markets - 07/September/2018

A way for companies to buy green electricity that really makes a difference

A Nordic broker has launched a new product aiming to ensure that renewable energy certificates known as Guarantees of Origin actually lead to additional clean power

Corporate renewable energy demand is rising, but the effectiveness of buying Guarantees of Origin (GOs), arguably the simplest way for businesses to support renewable energy production, is often questioned. Naysayers claim there is no way to prove these renewable energy certificates support the development of additional clean power. A product designed to combine GOs with the financing of new projects may be about to change this.

Any financial product used by large commercial corporate companies to prove they are “doing good” is bound to receive some criticism. Everything from green bonds to corporate power purchase agreements (PPAs) have been brushed off at some point by observers as marketing ploys with little actual impact. Guarantees of Origin (GOs), Europe’s market-based and tradable renewable energy certificates, have long received such criticism, but a Nordic broker is working to change this. ...

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