Potential for Municipal Procurement Of Renewable Energy Via Virtual Power Purchase Agreements
Keywords:Virtual Power Purchase Agreement
Power Purchase Agreement
Municipal Renewable Energy
Renewable Energy Procurement
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Series/Report no.:The Ohio State University. Campus as a Living Laboratory. Environment, Economy, Development and Sustainability (EEDS) Capstone. 2019
This report details the findings of a group of students from The OhioState University related to a project conducted with the intent of analyzing the viability of municipal procurement of renewable energy via virtual power purchase agreements (VPPAs). This research was conducted for the City of Columbus as part of their Smart Columbus project, which is an effort to make the City more sustainable. The primary objective of this report is to differentiate the two main types of power purchase agreements (PPAs): physical power purchase agreements (PPPAs), and virtual power purchase agreements (VPPAs). A major aspect of the research was the use of two case studies involving Cummins Inc., and Anheuser-Busch. Both of these large corporations have opted to implement the use of VPPAs to meet renewable energy goals, and our team analyzed why they have been so successful. The Cummins Inc. case was particularly important in our research due to the extensive information provided regarding framework used to determine the optimal renewable energy procurement method. This framework is a tool other entities seeking sustainable procurement of renewable energy could use in their decision making process. Also included in this report are findings related to: relative advantages, regulatory barriers, how to make an economically efficient deal, a brief market outlook, and our recommendations for the City.
Course Code: AEDECON 4567
Academic Major: Environment, Economy, Development, and Sustainability
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