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Take the next step to net zero

Seagreen’s corporate power purchase agreement (cPPA) is the next step to net zero for your business.

What is a cPPA?

A corporate power purchase agreement (cPPA) is an energy contract between an organisation and a generator of renewable power. Under the terms of the contract, the organisation agrees to buy some or all of its electricity directly from a renewable energy generator, such as a solar or wind farm. This approach differs from the traditional arrangement in which the organisation would simply buy electricity from licensed electricity suppliers. 

 

The UK’s decarbonisation initiatives require a new generation of renewable assets capable of meeting demand. cPPAs help to finance such assets, as they provide generators with a guaranteed revenue stream for the renewable energy they produce. 

 

cPPAs are also attractive because they stabilise operational costs and protect against movements in wholesale electricity prices against a backdrop of anticipated increases in electrification and carbon pricing. 

 

A further benefit of cPPAs is that they enable organisations to manage pressure from stakeholders, shareholders and customers regarding their ESG commitments.

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Construction overview

Seagreen will be Scotland’s largest offshore wind farm. Already under construction, it will produce close to 5TWh per annum, enough to power 1.6 million homes. By siting 114 leading-edge 10MW turbines in deeper waters than is usual, the wind farm will benefit from greater amounts of wind power and therefore more reliable energy production. Seagreen will remove 2 million tonnes of UK carbon emissions each year.  

 

A Seagreen cPPA offers large companies an innovative, quick and flexible way to achieve 100% renewable energy supply within a year, in the form of one easy, green energy purchase. Around five to 10 large, energy-intensive businesses will be able to purchase energy in blocks of 20MW (100GWh p.a.) as part of the Seagreen cPPA. 

 

This arrangement overcomes the chief barrier to buying renewable energy directly: the excessively long contract duration, which creates undue risk for businesses in the event of falling energy prices. Seagreen’s five-year contract is less than half the length of a typical cPPA, giving corporates price certainty and access to zero-carbon energy without a lengthy lock-in. 

 

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Why now?

Organisations are coming under increasing scrutiny from key stakeholder groups regarding their environmental sustainability credentials. A Seagreen PPA will help large, energy-intensive companies meet their decarbonisation goals and ESG commitments by next year, with one green energy contract. Large corporations buying renewable energy directly via a Seagreen cPPA will bolster their green credentials with their employees, customers and other stakeholders. 

Tenders for Seagreen’s offshore cPPAs will be released later this year, after the Summer. Register your interest below to be notified.

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What makes Seagreen's cPPA different?
Great partners, great results
Great partners, great results

Seagreen is a joint venture between TotalEnergies and SSE Renewables.

Charging the future
Charging the future

Seagreen will have 114 offshore wind turbines
Seagreen will have 114 offshore wind turbines

Great partners, great results
Great partners, great results

Seagreen is a joint venture between TotalEnergies and SSE Renewables.

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Decarbonise with one contract

Organisations can sign one simple contract to help decarbonise their electricity supply. 

Register Interest

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Learn more

Find out more about corporate power purchase agreements and how Seagreen can support your business take the next step to decarbonisation now.

Any questions? Download our FAQ document below.

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Facts and Figures

  • When completed Seagreen will have 114, 10MW deep water turbines with a diameter of 164m the same as an Airbus A380 wingspan  [LINK]

  • The Seagreen project when completed will power the equivalent of 1.6m homes  or the equivalent of almost every home and business in Edinburgh and Glasgow combined [LINK]

  • Seagreen will be generating 1.075GW of electricity in early 2023, equivalent power to 10.5 million TVs at full output  - TV = 1,075,000kW/0.103kW = 10.44m Samsung 55inch - Ignoring transmission losses - Samsung 55inch tu7020-55-inch-crystal-uhd-smart-tv-ue55tu7020kxxu [LINK]

  • Seagreen will produce enough net zero electricity to power 150,000 rapid EV charging points at full output [LINK]

  • Seagreen will displace over 2 million tonnes of carbon dioxide from electricity generated by fossil fuels every year – similar to removing more than a third of all of Scotland’s annual car emissions and making a significant contribution to Scotland’s net-zero ambition by 2045. Equivalent to running emissions of nearly 1.3million ICE cars [LINK]

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