innogy SE

German utility Innogy SE has made available for global corporate renewable energy buyers energy capacity generated from 13 solar and wind energy projects.

The utility has announced the availability for procurement of the renewables capacity via DNV GL’s digital energy trading platform Instatrust.

The 13 projects have a total capacity of 770MW and are sited in seven countries.

Innogy’s addition of the capacity is the largest renewables commitment ever made on the platform and the utility owns and operates around 3,600MW of renewable energy in ten countries.

Roland Kok, Head of Customer Solutions at innogy SE, said: “We did a thorough review of digital energy-trading platforms available on the global market and were looking for a solution that was user-friendly, provides ease of use and complete independence. DNV GL’s digital marketplace Instatrust combines all those features in one platform and together with the deep-rooted market expertise of DNV GL’s energy experts we are confident that the marketplace is ideally placed to speed-up and simplify the power purchase agreement process. Renewable energy usage is becoming more and more a service over a commodity according to us and digitisation enables us to connect easier and earlier with the right partners.”

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Instatrust uses a scoring methodology to allow potential corporate off-takers to screen projects in an online tender tool to easily source, screen and analyse wind and solar assets.

In 2019, corporates have more than doubled the volume of green power purchase directly, through Power Purchase Agreements (PPA), reaching a record of 19.5 GW or roughly 10% of the global volume of renewables installed last year.

Ditlev Engel, CEO of DNV GL’s Energy, said “We see that hundreds of corporations worldwide are committed to run their operations on 100% renewable energy. This new interest from corporations in clean energy trade requires a connection between suppliers and buyers of renewable energy, based on expertise, to allow transparent deals in renewable energy. We are very pleased that innogy SE is joining Instatrust, adding their diverse range of renewable energy projects to the platform, stimulating global growth of the PPA market and the uptake of clean energy worldwide, accelerating the energy transition.”