Geronimo Energy LLC, a renewables developer based out of Minneapolis, has introduced a new renewable energy purchasing solution, dubbed the Renewable Energy Project Units (REP-Units) program.
According to the company, REP-Units are suited for commercial electricity customers who are looking for a low-cost solution to achieve corporate sustainability goals under shorter-term contracts.
Each REP-Unit offers 10 MW of power – equal to approximately 40,000 MWh – of a larger wind or solar project’s output. REP-Units are priced based on a portion of 100 MW of a renewable energy project and, as such, offer economies-of-scale benefits to customers who have smaller electricity needs, Geronimo Energy explains.
Furthermore, every project offered in Geronimo’s REP-Unit program is a new-build project that includes Green-e certified renewable energy credits.
Thanks to the hundreds of megawatts of renewables available across the U.S., customers can mix and match their REP-Unit purchase to align with their needs, says the company, which adds that it welcomes multiple REP-Unit holders per project. In addition, volume discounts are available for customers interested in purchasing multiple REP-Units.
“While sustainability goals are no doubt important to hundreds of commercial organizations, historically, purchasing renewable energy has presented barriers and undue risk for companies,” states David Reamer, executive vice president of business development at Geronimo Energy. “Our REP-Unit program removes these barriers and risks by offering low-price, shorter-duration renewable energy contracts for projects in numerous locations across the country to align with customers’ electricity usage.”