Think RE

Think RE Think RE connects buyers and sellers of renewable energy and is your versatile partner on your journey towards carbon-neutrality.

This matching of partners is achieved through our renewable energy platform “RE Wave”. We are specialized in structuring and concluding Power Purchase Agreements (PPAs). Through these PPAs, sellers and buyers can connect efficiently while minimizing the associated risks and find the best match. In addition, they can get an overview of relevant information on the international energy market to help

them make decisions. By reducing your scope 2 emissions, we help you achieve your sustainability and climate goals. Scope 2 emissions have a significant impact on your carbon footprint. Our service portfolio ranges from defining and implementing sustainability strategies to finding the right renewable energy assets for individual needs. Developing ideas and providing education are combined with in-depth analysis and topical know-how. We were founded in 2019 in Leipzig, Germany, by Dr. Steffen Hundt, Stephan Dinse and Mataza Golzari. The combination of their academic and business experience allowed us to provide flexibility and innovation combined with knowledge of the renewable energy market. We focus on personal communication and cooperation with you as our customers and partners to make complex products and solutions accessible.onitor the construction of renewable plants and take care of your asset management.

Renewable energy and green hydrogen in Spain ⚡🇪🇸🔷 Spain is a leader in Europe when it comes to wind energy and wants to ...
21/04/2023

Renewable energy and green hydrogen in Spain ⚡🇪🇸

🔷 Spain is a leader in Europe when it comes to wind energy and wants to generate 74% of its electricity from renewable sources by 2030.
🔷 Spain had 1,265 wind farms and a wind power capacity of 28.1 GW in 2021, second only to Germany in Europe.
🔷 In 2022, wind power took up 22,14% of the grid and nuclear power held a share of 20,26% percent. Solar power follows with a share of 10,08%. In contrast, waste-to-energy sources accounted for roughly 1% of the grid.
🔷 Solar capacity is also increasing in Spain, in 2020, solar capacity in Spain sat at 13.2 GW. By 2030, that capacity is set to exceed 72 GW under current policy and investment plans. This is more than a 5-fold increase.

Due to the abundance of sun and wind, Spain positions itself as Europe’s future leader in green hydrogen production. At the moment, most hydrogen is produced using fossil fuels. 'Green hydrogen' is produced with renewable energy (eg. wind, solar, hydropower).

🔷 The hydrogen sector has taken on greater importance in Europe since Russia’s invasion of Ukraine. Russia is the world’s second-largest producer of natural gas, which powers most global hydrogen production. Due to this and as a sanction, the European Union is refocusing its energy needs.
🔷 EU Commissioner for Energy Kadri Simson: “Renewable energy, including renewable hydrogen, is a central pillar of the REPowerEU Plan, which is the EU’s strategy to get rid of Russian fossil fuels as soon as possible.”
🔷 Spain, France Germany and Portugal have agreed to build a hydrogen pipeline by 2030 to transport some 2MM metric tonnes of hydrogen to France annually.

Power Purchase Agreements (PPAs) are also a good solution to work towards sustainability goals and can also be closed with green hydrogen producers. If you're interested in offtaking renewable energy in Spain, you can contact us directly.

📍 This was part 2/2 about Spain, follow us on LinkedIn for more updates on European countries.

Spain has been transitioning towards a more sustainable future, with renewable energy playing a key role. To support the...
14/04/2023

Spain has been transitioning towards a more sustainable future, with renewable energy playing a key role. To support the transition, Spain has implemented several policies and regulations to encourage the adoption of renewable energy sources. ⚡ 🇪🇸

🔹 Renewable energy sources accounted for almost 62% of Spain's total installed capacity of 118 GW by the end of last year. This shows the country's commitment to decarbonizing its energy mix and meeting its climate targets.
🔹 The government has set a target to achieve 74% renewable electricity by 2030. Spain is working towards phasing out coal power generation by 2025, decommissioning oil-power plants by 2030, and phasing out nuclear power completely by 2035.
🔹 PPAs will further play a big role in the renewable energy sector. Spain and Portugal jointly have seen more than 11 GW in renewable PPAs signed since 2017. Spain plans to award at least 20 GW of green capacity in tenders by 2025. They want to add 2.2 GW of wind power per anno to reach 50.3 GW from the technology by 2030.

However, implementing renewable energy projects in Spain has not been without its challenges. In December 2022, the Spanish government published a new Royal Decree-Law about measures affecting, among others, the renewable energy sector. It orders the suspension of the processing of certain administrative procedures affecting projects that do not yet have access and connection permits. This should be a solution against certain agents who have been initiating the first steps in procedures without continuing them, with the aim of blocking other market participants from developing renewable projects.

Despite suspending some projects, Spain has made significant progress in adding new renewable energy capacity. Spain only joined the PPA market in 2018 but has seen great growth there as well. Spain has a total cumulative PPA capacity of 5.690 and 1.068 signed capacity in 2022.

Spain added almost 6.2 GW of wind and solar capacity to the grid in 2022. This is nearly double the 3.7 GW connected in 2021. This addition of new capacity helped the country to reduce its reliance on fossil fuels further and move closer to achieving its renewable energy targets.

Spain's renewable energy mix is evolving, with renewable sources playing an increasingly important role in the country's energy mix. The implementation of supportive policies and regulations, as well as the addition of new renewable energy capacity, will be important to achieving this goal.

📍 This is Pt. 1 of the posts about Spain's renewable energy measures; stay tuned for more.

Belgium is working towards a more sustainable energy future. In 2020, the share of renewable energy in Belgium’s total f...
11/04/2023

Belgium is working towards a more sustainable energy future. In 2020, the share of renewable energy in Belgium’s total final energy consumption is 12%. To support this transition, Power Purchase Agreements (PPAs) are becoming increasingly popular in the country. ⚡🇧🇪

🔹 PPAs allow companies to purchase renewable energy directly from producers, providing a long-term, stable supply of green energy at a fixed price. In 2020, non fossil fuels accounted for 29% of its energy supply.
🔹 In Belgium, a total of 872 MW of cumulative corporate PPA volumes was closed since 2009.
🔹 Several companies in Belgium have already signed notable PPAs. For example, Borealis signed a 10-year PPA with Eneco for the supply of renewable electricity from a wind farm in Belgium, and TotalEnergies signed a 15-year PPA with Air Liquide for the supply of renewable electricity from wind power. These agreements not only help companies to reduce their carbon footprint but also provide a stable, long-term supply of renewable energy at a fixed price.

Furthermore, the Belgian government has set a target to increase the share of renewable energy.
🔹 Belgium's National Energy and Climate Plan (NECP) sets out its strategy for achieving its renewable energy targets.
🔹 By 2030, the goals are for renewable energy to reach 17.5% of gross final energy consumption, for 37.4% of electricity generation, for a 35% reduction of non-ETS GHG emissions versus 2005 levels... The total share of renewable energy in 2020 lies at 25,1%.
🔹 Several policies support this goal. As of 2021, 9 offshore wind farms with a total capacity of 2.26 gigawatts (GW) had been built in the offshore wind zone. Belgium is developing a second offshore wind zone of 281 km² and a planned capacity of up to 3.5 GW.
🔹 In the "energy pact" of 2018, the impact of three carbon-pricing options was discussed; on fossil fuel prices and on emissions from transport, buildings, non-ETS industry and other sectors. Under EU directives, Belgium developed an inventory of fossil fuel subsidies and is committed to eliminating fossil fuel subsidies.

PPAs are important in promoting renewable energy adoption in Belgium by providing a stable, long-term supply of green energy at a fixed price. PPAs are helping companies to reduce their carbon footprint and contribute to a more sustainable energy future.

What steps is your country taking towards a more sustainable energy future? Let us know in the comments!

📍 This was Pt. 3/3 of the posts about Belgium's renewable energy measures; stay tuned for our next series.

Why companies in countries like Belgium are forced to invest in energy abroad ⚡🇧🇪Belgium faces competition from neighbou...
06/04/2023

Why companies in countries like Belgium are forced to invest in energy abroad ⚡🇧🇪

Belgium faces competition from neighbour countries France and Germany, where energy prices are lower.
🔹 The energy costs of a cardboard factory in France are two-thirds lower than in Belgium.
🔹 In addition, Belgium faces competition from Germany, where natural gas and electricity prices are capped. This may attract industrial investment at Belgium's expense.

In contrast to high energy costs, the natural gas price in Belgium has dropped.
🔹 The price of natural gas has dropped on the wholesale market to its lowest level since August 2021. Thus, there is now a peak of more than 320 euros for the same contract.
🔹 This may positively affect energy costs for Belgium's wholesale industry.
🔹 This drop is partly due to the relatively mild winter. As a result, gas reserves in European countries are not exhausted, and refilling stocks would take less effort than last year after the outbreak of the Ukraine war.

PPAs are a good hedge against fluctuating energy prices and are becoming increasingly popular in Belgium as more companies look to reduce their carbon footprint and meet sustainability goals.

Here are some examples:
🔹 TotalEnergies has signed a 15-year PPA with Air Liquide for the supply of 40 GWh per year of renewable electricity from wind power in Belgium.
🔹 Umicore, a global materials technology and recycling group, has signed a PPA with ENGIE Electrabel to draw power from two wind farms in Belgium, providing enough renewable energy to cover around 35% of its Belgian electricity consumption.
🔹 Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has signed a 10-year PPA with Eneco for the supply of renewable electricity from a wind farm in Belgium.

📍 This was Pt. 2/3 of the posts about Belgium's renewable energy measures; stay tuned to learn more.

Energy Transition: What's up in Belgium? Will the phase-out of nuclear stations get further amendments? ⚡🇧🇪The federal g...
04/04/2023

Energy Transition: What's up in Belgium? Will the phase-out of nuclear stations get further amendments? ⚡🇧🇪

The federal government of Belgium approved a preliminary draft law amending the phase-out law on April 1, 2022. The consultation will continue until May 20, 2023. The gradual phase-out of the use of nuclear power for electricity production on the Belgian territory was regulated by the law of January 31, 2003. The aim of this draft is to authorise the activation of nuclear reactors Doel 4 and Tihange 3 for 10 more years.

Belgian's nuclear history:
🔹 There are 7 reactors in Belgium, out of which 2 have closed. Tihange 2 shut down in February this year and Doel 3 in September 2022.
🔹 The phase-out law of 2003 stipulated that nuclear plants would be deactivated 40 years after the date of their industrial commissioning. All individual licences relating to electricity production by those plants would come to an end at the same time. And no new nuclear power plant for industrial electricity production by fission of nuclear fuels can be established and/or put into operation.

In order to be less dependent on nuclear energy, other renewable solutions are necessary.
🔹 Promoting green energy with long-term power contracts is beneficial for this matter. These long-term contracts are known as PPAs or Power Purchase Agreements.
🔹 Green PPA contracts secure cheaper energy prices, thanks to the tenor of these contracts of 5-20 years. It also secures clean energy, coming from wind or solar farms, which are a good alternative to the increasing scarcity of energy recourses. It is also carbon neutral and is, contrary to nuclear energy, less harmful to the environment.
🔹 Nuclear plants have a big impact on the environment, such as radioactive waste, spent fuel, the radioactive impact on humans and the environment during normal operation, and GHG emissions attributed to the operation.

📍 This was Pt. 1/3 of the posts about Belgium's renewable energy measures; stay tuned to learn more.

Things to know about the PPA guarantee fund for renewables in France ⚡🔹 In November 2022, the government established a P...
29/03/2023

Things to know about the PPA guarantee fund for renewables in France ⚡

🔹 In November 2022, the government established a PPA guarantee fund for renewables for up to 500 MW of cumulative installed capacity. The fund will help to facilitate the signing of long-term PPAs with industrial companies by covering risks for industrial buyers.
🔹 The fund will be self-funded by the premiums paid by guaranteed contracts and the recovery of part of their excess income in the event of high market prices.
🔹 The lender Bpifrance will implement this guarantee fund and aims to secure the first guaranteed contracts this year, in 2023. All sources of renewable electricity are eligible to benefit from the scheme.

Current challenges in France:

🔹 The rise of PPAs in France began in 2019. Because this is quite recent, companies may have been confronted with a lack of standardization and knowledge.
🔹 In France, an independent organization (currently Powernext) issues the guarantee of origins and certifies that a renewable energy or cogeneration source has injected a quantity of energy into the electrical grid. French companies cannot receive a guarantee of origin for the green energy from a facility benefitting from a contract for a different mechanism.
🔹 Corporations adopting green energy are still facing the strong part that nuclear energy holds in France. It's difficult to estimate the share nuclear energy will hold in the French energy mix in the near future.

France's renewable energy future vs EU regulations ⚡ On March 14, 2023, the EU Commission highlighted the use of PPAs, C...
23/03/2023

France's renewable energy future vs EU regulations ⚡

On March 14, 2023, the EU Commission highlighted the use of PPAs, CfDs and forward contracts of financial nature in its recent reform proposal. The most recent proposal (March 14) aims to
1. protect consumers from volatile energy prices
2. enhance stability and predictability of the energy costs, thereby contributing to the competitiveness of the EU economy
3. boost investments in renewable energy

This 2nd goal focuses on Power Purchase Agreements (PPAs) as a hedge against price volatility.
🔹 The EU states that Member States such as France should ensure this hedging instrument is accessible to companies facing entry barriers to the PPA market. Renewable and low-carbon energy project developers participating in a public support tender should be allowed to reserve a share of the generation for sale through a PPA.
🔹 A further hedging mechanism against volatile prices is to use long-term contracts that lock in future prices (forward contracts). This market shows low liquidity could be boosted across the EU, so more suppliers/consumers can guard against volatile prices in the long term.
🔹 To ensure markets that behave competitively and prices are set transparently, regulators’ ability to monitor energy market integrity, and transparency will be enhanced.

What does this mean for France?
🔹 France and Spain had initially asked for a complete reform and strict decoupling of gas and electricity prices. But the Commission intends to develop a market for PPAs and contracts for difference (CfD) to ensure greater price stability and reduce the impact of fossil fuel prices.
🔹 By including new publicly funded investments in "low-carbon" generation, new nuclear reactors could be financed or at least supported by CfDs. These contracts will also be needed to finance the maintenance and life extension of existing nuclear reactors.
🔹 The French Minister of Energy stated that she wanted to complete the reform of the European electricity market by the end of the year. But in Germany, the Minister of the Economy and Climate would prefer a fundamental reform "only after the European elections" (after May 2024).

How You can procure Energy Attribute Certificates 👇Unbundled EACs🔹 are certificates that can be acquired on secondary ma...
21/03/2023

How You can procure Energy Attribute Certificates 👇

Unbundled EACs
🔹 are certificates that can be acquired on secondary markets independent from a contractual framework for electricity delivery.
🔹 This is the easiest way for procuring green certificates. However, the buyer cannot relate its electricity consumption to a particular renewable energy source nor can they influence the energy transition.

Utility PPAs or merchant PPAs
🔹 are Energy Attribute Certificates bundled in power purchase agreements provided by utilities.
🔹 These are directly related to the virtual or physical delivery of the electricity by the utility or energy trader under this contract.
🔹 However, it is impossible to directly ensure that a new renewable energy plant is built, particularly for this contract.

Corporate PPAs
🔹 are Energy Attribute Certificates which are bundled in power purchase agreements with buyers like corporates or public institutions.
🔹 The buyer can transparently prove that the certificate is directly related to its own consumption from a particular renewable energy plant.
🔹 Here they have a direct impact on the global energy transition.

Direct investment
🔹 happens in case the owner of the renewable energy plant is also the energy buyer. In this case, the institution is producing its own renewable energy (e.g. rooftop solar) and is able to directly influence the amount of green electricity produced.
🔹 Onsite production happens when the renewable energy asset is located directly on the site where the electricity consumption occurs.
🔹 Offsite production is when the plant is located on another site, and the green electricity is delivered by using grids.

📍 Read more about this topic in our Knowledge Hub. Link in the comments below.

EU Commission presented a proposal on Tuesday aiming to stabilize electricity prices and boost investment in renewable e...
17/03/2023

EU Commission presented a proposal on Tuesday aiming to stabilize electricity prices and boost investment in renewable energy sources to help create energy sovereignty in Europe.

The European energy market should be characterized by long-term PPAs and two-sided contracts for differences in the future. However, the merit order, a mechanism for setting electricity prices, will remain in place.

🔹 Long-term price commitments should protect consumers from price fluctuations for fossil fuels, price peaks, and market manipulation. This is aimed at ensuring greater transparency and integrity
🔹 To minimize the risk of passing on high electricity prices directly to customers in the event of market fluctuations or requiring state assistance, energy suppliers will purchase a larger share of their electricity via long-term contracts (hedging).
🔹 Member states must also ensure market-based liabilities and guarantees for PPAs to minimize buyers' credit risks and ensure generators' revenues
Regulation of electricity prices during a crisis will benefit vulnerable consumers. However, this applies only to households and medium-sized companies, while regulated concessionary electricity prices are not envisaged for industry
🔹 Consumers will be able to invest in wind or solar farms and also sell excess solar power from their roofs to neighbours. Tenants, for example, can share their remaining solar power from the roof with neighbours. As a result, citizen energy projects will be made easier.
🔹 In terms of flexible energy systems, member states will have to quantify their needs and set targets for more non-fossil flexibility. They can also introduce new support schemes, especially in terms of load control and storage. In addition, the reform offers grid operators the option of scaling back load at peak times.

Before the proposals can enter into force, they must be discussed and agreed upon by the European Parliament and the Council. You can find the Paperlink in the comments below.

Sie wollen beim Thema Energie Planungs- und Versorgungssicherheit für Ihr Unternehmen? Oder möchten Sie Ihren Betrieb in...
15/03/2023

Sie wollen beim Thema Energie Planungs- und Versorgungssicherheit für Ihr Unternehmen? Oder möchten Sie Ihren Betrieb insgesamt nachhaltiger aufstellen? ⚡

🔹 Informieren Sie sich am 21. März in dem Webinar der IHK über Grünstrom-Direktlieferverträge (Green Power Purchase Agreements - Green PPAs).
🔹 Ziel ist es, Stromabnehmer aus Industrie und Gewerbe in die Lage zu versetzen, fundierte Entscheidungen für den zukünftigen Strombezug zu treffen und die richtige Strombeschaffung für das eigene Unternehmen wählen zu können.

In der Veranstaltung werden folgende Fragen beantwortet werden:
- Warum müssen Unternehmen sich mit Grünstrombeschaffung beschäftigen?
- Welche Beschaffungsoptionen gibt es?
- Welche Fördermittel gibt es für welches Modell?
- Welche Qualitätsunterschiede gibt es?
- Für welche Unternehmen machen Direktlieferverträge für Grünstrom Sinn?
- Mit welchen Preisen müssen Unternehmen rechnen?

Die Veranstaltung wird von der IHK Mittlerer Niederrhein mit der DIHK und der Marktoffensive Erneuerbare Energien verantstaltet,

📍 Das ganze Program und die Anmeldung finden Sie zurück auf die Website, den Link finden sie in die Kommentare zurück.

Our client is an industrial corporate from the automotive industry.🔹 Ticket Size - p.a. 15-30 GWh🔹 Tenor - 2-10 years🔹 S...
14/03/2023

Our client is an industrial corporate from the automotive industry.

🔹 Ticket Size - p.a. 15-30 GWh
🔹 Tenor - 2-10 years
🔹 Settlement Zone - EPEX Spot Day Ahead
🔹 Pricing Structure - Fixed Price
🔹 Settlement Period - Monthly
🔹 Volume Structure - As Produced

As part of its hedging strategy, the client wants to buy power production from a solar or wind farm in Germany via power purchase agreements (PPAs). The client prefers an as produced PPA with a fixed price. Delivery under the PPA may start Q1 2024. Guarantees of Origin (GoOs) should be available for the virtual amount of electricity and should be forwarded to the certificate register (Herkunftsnachweisregister).

📍 Contact us and find the link for more information in the comment section below.

Our client is an industrial corporate from the paper industry.🔹 Ticket Size - p.a. 50-100 GWh🔹 Tenor - 2-3 years🔹 Settle...
09/03/2023

Our client is an industrial corporate from the paper industry.

🔹 Ticket Size - p.a. 50-100 GWh
🔹 Tenor - 2-3 years
🔹 Settlement Zone - EPEX Spot Day Ahead
🔹 Pricing Structure - Indexed Spot Price + Fix Price GoOs
🔹 Settlement Period - Monthly
🔹 Volume Structure - As Produced

As part of its hedging strategy, the client wants to buy the power production from a solar farm or a post EEG wind farm in Germany via power purchase agreements (PPAs). The client is looking for an as produced PPA. Delivery under the PPA may start in Q1 2023. Guarantees of Origin (GoOs) should be available for the virtual amount of electricity and should be forwarded to the certificate register (Herkunftsnachweisregister).

📍 Contact us and find the link for more information in the comment section below.

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