Project description
New model to boost trade in renewables
Over the past decades, feed-in tariffs have accelerated large-scale investment in renewable energy technologies like solar photovoltaics. Countries are now moving towards retail grid parity, a self-sustaining market. When the renewable energy sector enters a phase of subsidy-free growth in Europe and around the world, the Pexaconnect project will investigate the difficulties faced by such investors when measuring their revenues in the post-tariff market. The project will create the first renewable energy trading platform to facilitate energy sales and corporate power purchase agreements (PPAs). Ultimately, it will design a new model to assist investors throughout the entire process. It will be an all-in-one solution to control their assets.
Objective
With Feed-in-Tariffs being replaced and grid parity achieved in many regions, today renewables are traded in the open market and have become investments that are significantly more complex, technical and volatile. Thus, the post-tariff market has created a major issue for many investors, who are having difficulty measuring and supervise the revenues of their assets. Corporate Power Purchase Agreements (PPAs) has emerged as an effective and vital new route to finance renewable energy assets, however structuring PPAs is quite complex, resulting to high search and transaction costs for market participants. In a market that is volatile, non-transparent and dependent on variables such as weather, renewable investors are in need of solutions to help them manage revenue and risks of their power sales.
PEXA®connect disrupts how renewable energy markets are organized today. It introduces the first renewable energy trading platform that provides all pre-sales preparation services, as well as after-sales services to facilitate energy sales/PPA transactions at a fingertip. It introduces a new business model that accompanies investors through the entire PPA process and offers them an all-in-one solution to take control of their assets. In summary, it substantially increases market efficiency by reducing the currently very high search (counterpart) and transaction costs.
Fields of science
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
8952 SCHLIEREN
Switzerland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.