Zeigo's award-winning renewable energy procurement online platform has completed its first Power Purchase Agreement (PPA) working on behalf of UK investment fund Downing LLP for two of Downing’s solar farms in Devon with a major UK energy supplier.
Courtesy of NREL
The Zeigo online platform uses the very latest technology in order to simplify the renewable energy procurement process. This enabled Downing to complete the PPA at a favourable time and price.
The platform has been designed to cut through the complexities of clean power procurement, tackling some of the most significant barriers that block market access such as lack of price transparency, limited market visibility and the complex legal process. It uses smart technology to help companies find the best zero-carbon match for their energy consumption profile. Services include aggregation, access to comprehensive data reports, a tendering tool, a marketplace powered by Machine learning technology, and the ability to manage energy portfolios across the world, helping accelerate each organization’s ability to meet carbon mitigation and clean energy targets.
“Zeigo is delighted to support Downing in the execution of their two PPAs" said JP Cerda, CEO of Zeigo. "By using our platform, we were able to create a very dynamic and simplified process between Downing and the energy supplier, providing easy price access and good timing to market.”
Lucy Underwood from Downing’s in-house asset management team, added that engaging Zeigo facilitated the comparison of a larger range of suppliers, ultimately allowing the company to secure the best terms in the market and that with the assistance of Zeigo, the PPA transaction was made seamless where a quick and efficient service was provided.