The Business Renewables Centre Australia (BRC-A) is a member-based platform that streamlines and accelerates corporate purchasing of large-scale wind and solar energy and storage.
For Australian organisations, a business-as-usual electricity purchasing model is no longer a smart or low-risk business strategy.
Driven by numerous factors, wholesale and retail electricity prices have increased significantly across Australia in recent years, such as in New South Wales, where electricity prices doubled in the 2016-17 financial year.
Meanwhile, renewable energy prices have fallen significantly, and are expected to continue to fall. Bloomberg New Energy Finance predicts that the levelised cost of solar and wind generation in Australia will out-compete incumbent coal by 2030 (Bloomberg New Energy Finance, 2017).
Driven by a desire to hedge against exponentially increasing electricity costs, demonstrate leadership and improve social licence to operate, more Australian organisations are seeking to procure more renewable energy.
Market barriers such as a lack of understanding about the complex energy market, policy uncertainty, high transaction costs, market volatility and a general lack of intimate knowledge of company power profiles, are some of the barriers faced by many organisations starting out in the renewable energy purchasing process. These barriers can result in long transaction times of up to 3 years, and in some cases, significant expenditure and even failure to execute.
Overseas, nearly two-thirds of Fortune 100 and nearly half of Fortune 500 companies have set ambitious renewable energy or related sustainability targets. While renewable power purchase agreements (PPAs) can be novel and complex, they present a fast and effective way for large companies to fulfil their sustainability targets. Many have also signed up to the RE100 initiative, to which some of the world’s most influential companies have committed to switching to 100% renewable power.
In Australia, many leading ‘first mover’ organisations have already realised financial benefits and delivered on renewable energy and carbon emission reduction targets via corporate Power Purchase Agreements (PPAs). These include Bluescope Steel, Kleenheat, Sun Metals, Mars Global, University of New South Wales, Carlton United Breweries, Telstra, the Melbourne Renewable Energy Project, Sunshine Coast Council and many others.
The BRC-A Deal Tracker actively tracks new corporate renewable energy contracts as they are announced.
The BRC-A is here to help more Australian unlock this tremendous opportunity.
BRC-A members will include large energy users, major corporations, leading renewable energy project developers and retailers, project financiers and transaction intermediaries.
Our Tools and Resources
The BRC makes it easier for corporations to enter the renewable energy market by sharing the hard-earned lessons of the first movers. We publish primers and guides on such topics as PPA accounting and deal structures, and host semiannual conferences to bring veteran renewable purchasers and deal makers together with those who are exploring the opportunity. These tools help first-time buyers up the learning curve so that they successfully complete their first deals faster, easier, and better.
For long-term members, we provide access to ongoing market intelligence through the BRC Marketplace and Deal Tracker, our semiannual conferences and webinars, market insight reports, blogs and newsletters, webinars, and more.
We are growing rapidly, as is corporate renewable power purchasing, and we invite you to join us.