Sponsor New Solar

Part 1

Two ways to sponsor

Evergreen offers two unique ways to sponsor new solar, both of which are highly impactful: Virtual Power Purchase Agreements (Virtual PPAs) and REC Purchase Agreements (RPAs).

With a Virtual PPA, you help set a floor price for the energy. If energy prices are above that floor price, you share in the upside. Alternatively, the RPA has a set fixed price for the RECs and will not change over time. In both cases, you will receive the environmental credits associated with the energy you purchase.

part 2

Why sponsor at all?

Solar Fields built on the grid instead of on-site or "behind the meter" deliver energy to the grid and sell that energy in the wholesale market. Due to the long term uncertainty of wholesale energy prices, these projects are unable to get financing from investors or banks.

A sponsor adds stability and some certainty making it possible to raise the funds needed to build and maintain the project. Furthermore, Evergreen Sponsors drive demand for new solar. We take your orders and build new Solar Fields to meet that demand. In this way, you aren’t just making additional solar possible, you are causing it.

part 2

REC Purchase Agreement (RPA)

A REC Purchase Agreement(RPA) is simply a commitment to buy RECs directly from a project at a specific price for a set number of years. RECs are paid for in advance each year and then generated and retired in your company's name as clean energy flows each day. To eliminate your scope 2 emissions entirely, buy 1 REC for every 1 MWh of energy you project you will use. Nothing changes with your utility or your utility bill.

part 2

Virtual PPAs

Virtual Power Purchase Agreements (PPA) are widely considered the gold standard in addressing scope 2 emissions and ensuring additionality. As with RPAs, nothing changes with your utility or your utility bill. However, the price paid for each REC is variable as you participate in the sale of clean energy into the wholesale market.

Our costs are $30 / MWh. If energy is sold above that price, we share 50% of the profits with you which lowers the total price paid. If energy prices go high enough (above $80 / MWh), we actually owe you money! If energy prices dip below $30, you support the project by covering the difference.

part 2

Custom sized for you

A typical Virtual PPA is for 25,000 MWh for 15-20 years making it unaccessible to most buyers. Our offerings can be for as little as 1 MWh and 3 years. We are creating a future where companies of any size can participate. And with broader participation, we can realize a dramatic increase in participation and solar plants being built.

Let’s build some solar!

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