Virtual Power Purchase Agreement (VPPA) or Renewable Energy Certificates
Go Renewable Without a Roof
Rooftop solar is not feasible for everyone. Instead, you can buy green power
or Renewable Energy Certificates (RECs) from our fleet of solar farms.
Here’s How It Works
TE generates green power from our renewable energy facilities in Singapore.
1 MWh of renewable energy generation = 1 REC.
Purchase green power + RECs in a bundle (VPPA) or unbundled RECs (RECPA) to offset your energy consumption.
We perform all RECs-related activities on your behalf for FREE (buying, selling, and retiring).
Claim all environmental attributes for your business by retiring RECs.
RECs Purchase Agreement
No business can claim that they are running on 100% renewable energy unless they have the RECs to prove it.
RECs represent 1 MWh of renewable energy generation. They are a tradeable commodity and can be bought, sold, traded and “retired” – i.e. taken out of circulation.
The RECs system traces renewable energy generation back to the source, ensuring they are only retired once. And only the party that does so can claim the social and environmental benefits.
Purchasing RECs signals to the market that there is a non-disputable demand for renewable energy, leading to the creation of more renewable projects and investments.
You can buy the RECs TE is awarded from the generation of renewable energy in our utility-scale projects through a RECs Purchase Agreement.
VPPA vs RECPA
Sometimes referred to as a Corporate PPA, a VPPA is a global financing framework for business carbon offsets. In a VPPA, you buy green energy from generators like TE.
There is no direct physical exchange of energy as it is a purely financial contract. Instead, the green power is injected into the grid that you regularly draw your power from. The energy is usually bundled together with the corresponding RECs, which your business can retire to declare your carbon offsets.
A VPPA can be used as a workaround for when installing a solar PV system is not possible for your building, or when you don’t own the property you are occupying.
Case Study
TE inked a 19 MW agreement with our valued partner – a global technology giant – in December 2020. This agreement will help the RE100 company meet its goal of supporting its operations in the region with 100 per cent renewable energy.
Benefits
No Solar Installation Needed
Robust Pricing Model
Bulk Purchase Available
Certifications
ISO 9001, 14001 and 45001
bizSAFE Level 3
Solar for All.
We complete every step carefully.
01
Free Consultation & Evaluation
Make an appointment with us! Upon analysing your site and consumption data, we will design an optimised solar PV system for your business.
02
Proposal & Agreement
Based on your energy needs, we will present you with a customised proposal. The contract is finalised and signed when you are happy with our offer.
03
System Installation
Installation is kept within 6-9 months*. We ensure the highest quality in system parts and workmanship.
*varies according to system size and authority approval times
04
O&M and Customer Aftercare
We operate and maintain the system for the full contract duration. In the event of any technical bumps, we aim to resolve them within a 48-hour benchmark.
