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Exhibitor Articles & Press Releases

Innovation Zero 2024 Main Stage

01 Aug 2024

Private Wire PPA Solutions for Alight

RE24 Limited
Private Wire PPA Solutions for Alight
Alight AB operates solar parks
Alight AB, a leading Swedish company specialising in solar energy solutions. They have embarked on a project to supply electricity from its proposed Hoon Hay solar site to one of the world’s leading food and beverage and consumer goods manufacturer. The electricity supply will occur through a private wire Power Purchase Agreement (PPA). Given the complexity of this endeavour, Alight sought the expertise of RE24 Limited, as a renowned consultancy in the provision of hourly matched green energy, to provide comprehensive advisory services. The partnership between the solar energy solution provider and RE24 commenced on 3 July 2024.

Alight aimed to navigate the intricate landscape of private wire PPAs, with an initial phase requiring a sleeved or virtual PPA. The key challenges included understanding the power market, selecting a suitable sleeving provider, and structuring the PPA to optimise both economic and regulatory benefits.

Leading Alight through this journey was a crucial responsibility of RE24. Among the tasks covered by the consulting services were; advisory on sleeving delivery structures, recent case studies analysis, network access to sleeving suppliers, Request for Information (RFI)/Request for Proposal (RFP) preparation, and sleeving provider selection.

The collaboration between is instrumental in advancing the Hoon Hay solar project. Alight gets a deep understanding of the energy markets, regulatory frameworks, and Renewable Energy Guarantees of Origin (REGO) optimisation. With RE24’s advisory, the structuring of a PPA to balance both sleeving and private wire arrangements was possible. The selection process navigated by RE24, leads to the identification and contracting of a credible and reliable sleeving provider, ensuring a seamless transition for the customer’s energy needs.

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