Engie Resources is offering small and medium-sized enterprises (SMEs) renewable energy supply contracts under a new package launched in the US.
The ‘portfolioRE’ solution provides physical clean power through traditional retail supply contracts along with renewable energy certificates.
By aggregating customers, portfolioRE can be leveraged to support the construction of new, local renewable energy facilities, Engie said.
The product can also be tailored to supply physical volumes from existing local assets, for example, customers in the ERCOT supply region can source power from the 200MW Live Oak wind farm (pictured) in San Angelo, Texas, the company said.
SMEs can establish flexible five- to 10-year contracts with firm volumes at a fixed price.
Engie Resources senior vice president Graham Leith said: “PortfolioRE is the coming together of the best that retail energy marketing offers, growth in renewable energy development, and Engie’s commitment to lead the zero-carbon transition.
“Non-utility customers account for two-thirds of end-use of electricity, representing about 4200MW of power purchase agreements in the US, an increase of 66% since 2015 with the same or higher growth levels expected to 2030 and beyond.”
Engie Resources is a subsidiary of Engie North America.