Instatrust is a global digital marketplace that connects companies which are committed to buy electricity through renewable power purchase agreements (PPAs)
Innogy to add 13 renewables projects on DNV GL’s Instatrust digital platform. (Credit: innogy)
German energy company Innogy is planning to make 770MW of renewable energy portfolio available to corporate energy buyers on DNV GL’s Instatrust digital platform.
The firm confirms to add 13 onshore wind projects and solar PV projects which are located across seven countries to the digital platform.
Instatrust is a global digital marketplace that connects companies which are committed to buy electricity through renewable power purchase agreements (PPAs).
The digital platform uses a scoring methodology that allows potential corporates off-takers to screen the projects in an online tender tool to easily source and analyse wind and solar assets.
Innogy renewables segment customer solutions head Roland Kok 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.”
Innogy owns and operates 3,600MWof renewable energy in ten countries
The electric utility firm said that the projects which are to be added to the digital marketplace are in an advanced development stage or already under construction.
Innogy owns and operates approximately 3.6GW of renewable energy facilities across ten countries. It also has further wind and solar projects under construction and a development pipeline of 6.9GW.
DNV GL energy CEODitlev Engelsaid: “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.”
In November last year, KompaniaPiwowarska, a company of Asahi Breweries Europe, signed a PPA with Innogy for the renewable power produced by its Polish NowyStaw wind farm.