Company News
Jul 7, 2023

RenewaFi Marketplace Grows to Exceed 150 Energy Professionals from Over 50 Companies

RenewaFi today announced that its marketplace for ERCOT renewables has grown to exceed 150 originators and traders from over 50 companies.

Featuring a nearly 50/50 balance of potential buyers and sellers, these marketplace participants include many of the largest, most reputable, and most experienced energy firms in the country.

Of the 51 companies on RenewaFi, 26 are potential offtakers who self-categorize as wholesale, industrial, or retail firms. 16 of these potential offtakers are investment grade and 18 have contracted at least 500 MW in their corporate histories. This group serves about 60% of the deregulated (non-utility) load in ERCOT.*

Among the 25 developers on RenewaFi, 11 are investment grade and 23 have contracted at least 500 MW in their corporate histories, many touting multi-GW pipelines.

Most of the individuals representing these firms are seasoned professionals. About 60% are manager/director level or higher.

Together, these market participants are laying the foundation for a vibrant renewable energy marketplace. Since April, they have posted nearly 340 bids and offers for over 8 GW of solar and wind capacity. Several matches for new offtake agreements have already been made.

*Source: EIA form 861

About RenewaFi

RenewaFi is the marketplace for wholesale renewable energy in ERCOT. Built for originators by originators, RenewaFi helps more than 150 energy professionals from over 50 firms to price and source offtake agreements, so they can focus on closing deals. Originators on RenewaFi browse, post, and counter indicative bids and offers – all anonymously. And when originators agree on terms, they match to reveal their identities. RenewaFi increases speed to market, facilitates price discovery, and expedites counterparty matching. Ultimately, the company’s mission is to help energy professionals decarbonize America’s electric grids.

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text




Share the article:

Related posts