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Direct corporate purchase of renewable energy

The Renewable Energy Buyers Forum was formed by WWF to help Australian organisations easily purchase renewable energy as part of their electricity procurement and transition towards a zero carbon future. The WWF report Helping business - Pathways to purchase renewable energy shares its learnings. 

Below is an extract of the report's introduction. 

It’s over a year now since we founded the WWF Renewable Energy Buyers Forum. In that time we’ve hosted and met a large number of businesses, institutions and government players from a broad range of sectors. We have discovered business enthusiasm and demand for affordable renewable energy supplied from the grid. And we have found that Australia has a great number of approved renewable energy projects just awaiting a customer for their power to begin construction. 

Our Forum is working on removing the barriers between supply and demand and the early signs are encouraging. Having aggregated a significant level of demand from business and institutions, the Forum is now testing market supply and should have a formal tender process underway in the third quarter of 2016, and we expect other tenders to be developed soon afterwards in 2017. We hope to replicate and scale that process, developing a business renewables market. While overseas renewable offtake agreements are typically two-way, between a large business and a project developer, here we are attempting a demand aggregation model whereby we match demand from a group of businesses and institutions with a single renewables project. This way, even small business can take advantage of the price and terms that come from buying at scale, and lock in at least a portion of their supply at a known, low cost for a term much longer than traditional electricity supply agreements. 

We believe the business renewable market in Australia is poised for success. Will you join this growing group of forward-looking businesses, hedging your electricity costs and playing your role in the transformation of Australia’s electricity system? 

Ben Waters, Chair - Renewable Energy Buyers Forum



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Eligibility Criteria

Submitted projects should:

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Note, Signatories submitting for the Partnership of the Year Award may submit an accredited NABERS tenancy, whole building or base building rating.

It’s easy and free to join the program. Your good-will commitment to the program is an acknowledgement of the business sector’s role in
contributing to environmental sustainability and your intention to reduce your own energy consumption and associated carbon emissions.

As part of this, Signatories to the program commit to achieve an accredited NABERS Energy tenancy rating (between 4 and 6 stars) and
work with CitySwitch to improve their tenancy’s environmental performance.

Find out more about how obtaining a NABERS Energy rating ensures you can benchmark your performance, better manage your progress
over time and promote your star rating achievement.