"Green" electricity for a dairy factory

Last month Renergy structured and executed a Corporate Power Purchase Agreement (cPPA) between a solar power plant owner as the producer, and a dairy factory based in Khmelnytskyi region of Ukraine as the consumer.

This is the first of its kind transaction in Ukraine. Under the agreement, the dairy factory will consume 100% of the electricity produced by the solar plant (SPP). The rest of the demand of the factory will be supplied by Renergy. In addition, any solar generation surplus that occurs during the day shall be also bought by Renergy.

The uniqueness of this agreement lies in the fact that both the power producer and the consumer are located close to each other. This proximity enabled a direct line connection of the SPP to the factory’s production facilities, bypassing the public grid. This approach allows significant savings on tariffs for energy transportation and distribution services of the grid, in respect of all the power consumed from the solar plant.

Additionally, the “green” energy component in the consumer’s energy mix, which can be traced by certificates of origin, will improve the environmental footprint of the dairy products. This is important as the company has exports to the EU markets and use of “green” electricity will allow the factory to minimize potential CBAM taxes on its exports.

This model of electricity consumption is already available for Renergy’s clients throughout Ukraine, regardless of whether they have an industrial solar power plant nearby or not. More information about Corporate PPAs

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