CPPA
Corporate Power Purchase Agreements
A Corporate Power Purchase Agreement (CPPA) is a long-term contract under which a business agrees to purchase electricity directly from an energy generator.
Up until last year it was only the larger multinationals in Ireland like Amazon, Microsoft and Google signing Corporate Power Purchase Agreements (CPPAs). Flogas Enterprise are now changing this, we have already signed over 10 CPPAs with our customers in the first six months of 2023.
With record high energy prices and net zero carbon deadlines, now is a good time to invest in renewable energy projects.
Why Choose a CPPA?
Conscientious businesses are now looking for more tangible ways to demonstrate their commitment to drive their renewable agenda, one of their options is to enter into a CPPA. We are making CPPAs accessible to large energy users in Ireland, by offering CPPA integration with normal electricity supply, along with all the support and education to make it happen. We have the expertise and a proven track record with CPPAs.
At Flogas Enterprise, we have developed a fresh simple 6-step approach to achieving energy sustainability, it’s called Carbon Kaizen and is our way of helping your business take continuous steps towards energy sustainability. Signing up to a CPPA is step 5 of Carbon Kaizen.
Corporate Power Purchase Agreements have many business and environmental benefits.
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We have helped businesses like yours manage their energy more efficiently and make progress towards a sustainable energy future.
“Ballygowan, Ireland’s iconic water brand, has a long history of harnessing the best of Ireland’s natural resources to deliver sustainable, locally produced, Irish natural mineral water. This new Corporate Power Purchase Agreement with Flogas Enterprise, valued at €2.5 million, will produce renewable electricity for our production facility in Newcastle West and is a significant investment in our long-term strategy to ensure 100% sustainability across Britvic Ireland’s business operations.”
“Our mission is to become carbon neutral by 2030 and this is an important step in cutting our carbon emissions. It will enable our business to become more sustainable and provide us with a long-term solution to our requirements. It also reflects our values and desire to do our part in the community to lead the way in responding to climate change. We are replacing our existing energy sources with sustainable, more environmentally friendly alternatives with the focus on a sole use of electricity from renewable energy sources.”
“We are functioning in a time when large energy users have limited hedging options. In a volatile energy market, having a fixed price for the supply of electricity through a CPPA is not only good for the environment, but it is also great for budgeting. This solution was hedged at a price that is reflective of current market price level, but delivers budget certainty and sustainability benefits.”
“Our partnership with Flogas Enterprise is a critical component of our ongoing cost efficiency strategy and will enable us to significantly reduce operating costs by shifting to natural gas as our main fuel source. It comes at an exciting time for our business on foot of our recent completion of a €15.7m capital investment programme, which has allowed us to achieve substantial gains in efficiencies and a significant increase our competitiveness. Not only does the deal provide our business with significant cost benefits through direct access to wholesale energy prices, but we are partnering with a company that has demonstrated a deep understanding and expertise of Ireland’s energy market.”
“Our investments in renewable energy not only help to reduce carbon dioxide emissions from our operations in Ireland, but also, together with our energy efficiency efforts, help to control our electricity costs so we can pass any benefits to our customers by continuing to offer high quality home furnishings at low prices. Companies, individuals or governments – we all have responsibility to address the resource dilemma and commit to a more sustainable future. Producing our own, affordable, renewable electricity gets us one step closer to becoming completely energy independent by 2020, while ensuring our commercial success”
