Renewable Energy Procurement

When big companies try to switch to renewable energy, they can encounter significant hurdles. Depending on where they are, budgeting, sourcing, and negotiating renewable energy agreements can be a challenge – and it can impede even the most environmentally minded organizations.

What is Renewable Energy Procurement?

Renewable energy procurement is the process by which organizations source renewable energy agreements to achieve their environmental objectives. It involves identifying and acquiring renewable energy certificates from sources such as solar, wind, hydro, biomass, and geothermal. This can be achieved through a variety of methods, including installing renewable energy infrastructure on-site, entering into power purchase agreements (PPAs) with renewable energy developers, purchasing renewable energy certificates (RECs), or participating in community renewable energy programs. The goal of renewable energy procurement is to transition away from fossil fuels and reduce carbon emissions while ensuring a reliable and cost-effective energy supply. It's not just about going green; it's about making strategic choices that benefit both the environment and the bottom line.

What is The Benefit of a Well-Planned Procurement Strategy?

A well-planned procurement strategy manages cost and risk by streamlining the purchasing process, creating to cost savings from stronger negotiations with suppliers, reduced legal expenditures, better managed internal resources, and leveraging economies of scale. Additionally, a well-planned procurement strategy ensures the quality and reliability of counterparties, projects, and contracts, as thorough research and evaluation are conducted before making purchasing decisions.

By aligning procurement practices with organizational goals and values, such as sustainability and social responsibility, a well-planned strategy can enhance brand reputation and stakeholder trust. A strategic approach to procurement not only drives operational efficiency but also contributes to the long-term success and sustainability of the organization.

Why Work with ENGIE Impact?

ENGIE Impact provides tailored renewable energy solutions that help organizations understand their sourcing options, set targets, and develop strategic roadmaps. Their expertise spans stakeholder education, vendor evaluation, bid analysis, and contract negotiation, ensuring cost-effective and risk-managed procurement. By leveraging ENGIE Impact's deep market-specific knowledge, organizations can reduce their carbon footprint, enhance brand value, manage energy price risks, and improve financial performance​.