Commercial electricity customers that want to buy relatively small amounts of renewable power may be interested in investigating a new purchasing solution – Renewable Energy Project Units (REP-Units) – announced on March 15.
The solution, described as “low-cost and simple” by the provider, is being offered by Geronimo Energy; a 13-year-old wind and solar development company based in Minnesota.
Each REP-Unit offers 10-MW- which is equal to approximately 40,000 MWh – of a larger wind or solar project’s output.
In its announcement Geronimo said, “REP-Units are priced based on a portion of 100-MW of a renewable energy project, and as such, offer economies-of-scale benefits to customers who have smaller electricity needs. Every project offered in Geronimo’s REP-Unit Program is a new-build project that will be additive for commercial electricity customers and includes Green-e Certified renewable energy credits (RECs).”
Geronimo said it welcomes multiple REP-Unit holders per project, and that volume discounts are available for customers interested in purchasing multiple REP-Units from diversified locations nationwide.
“While sustainability goals are no doubt important to hundreds of commercial organizations, historically, purchasing renewable energy has presented barriers and undue risk for companies,” said Geronimo EVP for Business Development David Reamer, adding, “Our REP-Unit Program removes these barriers and risks by offering low price, shorter duration renewable energy contracts for projects in numerous locations across the country to align with customers’ electricity usage.”