npower Business Solutions (nBS) and RWE Supply & Trading (RWE) have announced a collaboration which will allow nBS to provide renewable power to its corporate customers via their UK Corporate Power Purchase Agreement (UK CPPA).
The two companies have signed Memorandum of Understanding (MoU), which will provide RWE with a new route to market for its renewable generation and offer nBS’s customers access to power from one of the largest and growing renewable energy generation portfolios in the UK.
nBS, which is part of the E.ON Group, is the largest business energy supplier in the UK. It believes being able to provide CPPAs from a leading international power trading company will help to meet increasing corporate demand for clean power, as Ben Whitelam, Director of Commercial at nBS, comments:
“Moving to a renewable energy supply is one of the key ways that our customers can meet their sustainability targets. Therefore, it’s not surprising that they are increasingly requesting that their power comes from a zero-carbon source.
“In fact, our recent Business Energy Tracker revealed that a third (32%) of businesses are planning a PPA this year as part of their decarbonisation strategies. This partnership with RWE will provide our customers with access to one of the most established portfolios of renewable energy generation in the UK, enabling us to meet the increasing business demand for green energy supply.”
RWE’s renewables portfolio includes onshore and offshore wind, hydropower and biomass, with a total installed capacity of 2.6GW (RWE share), plus a large pipeline of projects in development.
Olaf Lubenow, Head of Commodity Solutions UK, North & South Europe of RWE Supply & Trading, welcomes the cooperation: “RWE is well positioned to meet the growing global demand for green power. The combination of our broad asset base and our strength in trading and origination allows us to tailor green PPAs to specific customer needs. The partnership with npower Business Solutions will give their customers across the UK access to these PPA solutions from RWE.”
