Best Practices: Renewable Energy Procurement

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Executive Summary

Renewable energy procurement plays a dual role: as a key climate mitigation lever, and as the foundation of long-term organizational energy and resilience strategies. As a result, it has risen up corporate agendas in the last few years. The combined priorities of ensuring expanded energy supply at the best possible price, fulfilling climate ambitions and building operational resilience have forced organizations to re-think exactly how and what they buy on the market. This report outlines strategies, innovative tools and best practices to help firms address renewable energy procurement challenges, to reduce costs, meet net zero targets and enhance resilience.

Summary for decision-makers
Organizations must reconcile renewable ambition with energy availability
Renewables power both energy resilience and climate mitigation strategies
Advanced buyers have outpaced both the market and the grid
Effective energy procurement requires a centralized approach
Renewable energy portfolios must be highly localized, based on geographical, industry and asset constraints
Credibility holds when renewable energy claims match reality

About the Authors

Connor Taylor

Connor Taylor

Principal Analyst

Connor is a Principal Analyst at Verdantix. He focuses on delivering research to help senior executives navigate decarbonization decision-making and build effective strategies...

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Gus Brewer

Gus Brewer

Industry Analyst

Gus is an Industry Analyst at Verdantix specializing in energy management and supply chain decarbonization. He delivers research that enables technology buyers, vendors and se...

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Ryan Skinner

Ryan Skinner

Research Director

Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc...

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