At Drax, we buy renewable electricity from around 2,100 generators and have our own renewable generation assets too. This means we’re well-placed to identify a generator that’s both close to you and using the technology type you want to support.
As a licensed electricity supplier, Drax can readily facilitate your Corporate Power Purchase Agreement journey – including registration, balancing when consumption and supply aren’t in step, and settlement. It’s also possible for us to ‘sleeve’ power into your existing contractual arrangements if required.
We can structure the options over the long-term or short-term, depending on your appetite. Shorter-term arrangements might embrace the output from our Galloway hydro asset in south-west Scotland.
Benefits of a Drax CPPA
A CPPA pinpoints the source of your energy and offers your stakeholders a tangible sign of your Environmental, Social and Governance (ESG) commitment to sustainability. Other benefits include:
Galloway’s REGO-backed power
Our Galloway Corporate Power Purchase Agreement (CPPA) allows you to forge a tangible link to the renewable power generated at Great Britain’s first large-scale hydro complex.
Galloway’s annual generation volume amounts to around 260,000 megawatt hours (MWh) on average. Each MWh is matched by a Renewable Energy Guarantees of Origin (REGO).
A Galloway CPPA has wider advantages too, including:
The Galloway Hydro connection helps demonstrate your ESG credentials.
It may also act as a gateway to wider sales opportunities – the public sector, in particular, may apply ESG criteria in its tenders.
REGOs help to show your commitment to sustainability.
When assessing investment decisions, lenders are increasingly looking at the applicant’s sustainability claims and record.
With your link to Galloway Hydro, we can help promote your sustainabilty credentials.
Draw on our expertise in social media, as well as other digital content and printed materials, at no extra cost.
Discover more about our Galloway CPPA.
You’ll need to decide early in the process which renewable generation technology you want to support, as well as which type of Corporate Power Purchase Agreements to adopt:
Delivering Scottish hydro power for Allied Glass
We’re delighted to announce a new agreement to supply Allied Glass with 66GWh p.a. of renewable source electricity.
Powering your business with renewable CPPAs
As more organisations set renewable and net zero targets, many are looking to generate their own low-carbon power.
Choosing the right Power Purchase Agreement
If you’re an independent generator who produces more energy than you use, the opportunity is there to sell your excess power back to the grid.