HOUSTON – Going Green just got easier.
AMN Advisory Services, LLC is pleased to announce the creation of eRENEWABLE, an entity developed to streamline and facilitate VPPA and PPA transactions in the renewable and sustainability sectors. eRENEWABLE brings auction technology to buyers and sellers of renewable energy, including but not limited to municipalities, corporate, industrial and wholesale energy providers and traders among others, to transact in incremental terms never before offered in the market.
“Bringing flexibility and optionality to the renewable space is truly a game-changer,” said eRENEWABLE President Mike Nemer. “eRENEWABLE has put together a team of energy professionals whose experience not only translates well to the renewable space, but who can offer practical business solutions to facilitate transactions timely and efficiently.”
In addition to its auction technology, eRENEWABLE also manages RFP’s for both PPAs and VPPAs in addition to offering businesses access to unbundled Renewable Energy Credits (RECs), one of the primary drivers of the renewable energy market.
eRENEWABLE has already begun work with some of the largest players in the renewable energy market, and the early returns demonstrate how its auction technology separates it from the rest of the renewable market.
How Does an eRENEWABLE Auction Work?
When a company is looking to enact a Power Purchasing Agreement (PPA) or a Virtual Power Purchasing Agreement (VPPA), there is an inordinate amount of work that must be done to attract potential buyers. That work includes developing an RFP, marketing the RFP, answering questions regarding the RFP, and then laying out the stipulations for the agreement – and that’s before the negotiation of a deal even begins. This process can be lengthy, and then once an agreement is reached, the contractual talks begin, and that can be another drawn-out process potentially dragging on for months – and in some cases – no deal ever gets done.
That’s where eRENEWABLE comes in.
eRENEWABLE takes the hassle out of the deal. Led by Mike Nemer, a 40-year energy trading and brokering veteran, he and his team take the details of the project, and work in conjunction with the seller to find the terms and auction options that fit best for that particular project. Once those terms are reached, Mike brings buyers from across the country to the auction thanks to his eMedia Marketing team, and then sets the date for the online auction. Mike and his team then set up at the seller’s location and conduct an exciting, back-and-forth auction that is efficient on time, but chock full of suspense as the resetting clock updates every time a better bid is submitted by the buyers from around the country. Most auctions are 30 minutes to an hour in duration, and once it’s complete and the reserve price has been met, the seller and winner of the auction immediately begin the contractual process.
To find out more about how eRENEWABLE is changing the way renewable energy gets done, contact Mike Nemer at Mike@erenew.net or call 1-866-ERENEW-1 today, and learn why Going Green just got easier.
