The Marketplace for ERCOT Renewables

Finding a counterparty is difficult. Hundreds of originators use our marketplace to make it easier.

Schedule Demo
400+
originators & traders
135+
firms
1200+
bids & offers
20+
gigawatts
15
matches

Find Your Match

Reach hundreds of originators

Explore live opportunities

Negotiate bilaterally

Find Your Match

How it Works
The Only Place to Prospect for PPAs Anonymously.

When you agree on terms, you can chat and eventually match to reveal your identity and pursue bilateral negotiations.

Post
01
Post
Submit your proposed offtake terms to the marketplace
Explore
02
Browse
Filter and sort live bids and offers
Counter
03
Counter
Send counters to relevant counterparties
Chat
04
Chat
Negotiate directly with counterparties
Match
05
Match
Agree on key deal terms to reveal your identities and advance toward contract execution.

Transaction Types

Solar PPA

A physical agreement in which an owner of an existing or planned solar asset agrees to sell the energy generated by that asset to a buyer at a set rate for an agreed amount of time. 

Wind PPA

A physical agreement in which an owner of an existing or planned wind asset agrees to sell the energy generated by that asset to a buyer at a set rate for an agreed amount of time.

BESS Toll

A physical agreement that allows an energy buyer to effectively rent a storage asset from the seller. The buyer pays a $/kW-month rate to operate the battery.

Energy Block

A physical agreement to transact specific hours within a 12x24 generation profile.

FAQ

What is RenewaFi?

RenewaFi is the marketplace for wholesale renewable energy in ERCOT. Built for originators by originators, RenewaFi helps sophisticated market participants source and evaluate hedges, so they can focus on closing deals. Originators and traders on RenewaFi browse, post, and counter indicative bids and offers – all anonymously. And when they agree on terms, they can 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 renewable energy professionals decarbonize America’s electric grids.

Who is RenewaFi for?

RenewaFi is for originators looking to complete physically-settled offtake agreements in ERCOT. If you are an originator representing a developer, wholesaler, independent power producer (IPP), bank, retail electricity provider (REP), or utility, we welcome you to schedule a demo.

Which markets does RenewaFi cover?

RenewaFi currently covers ERCOT only.

Why are the bids and offers anonymous?

Originators have asked to keep the marketplace anonymous so that they can prospect for offtake agreements without disclosing their identities and signaling their firms' interests. All activity in the marketplace is anonymous until two parties agree to match for a given opportunity, at which time those two parties’ identities are revealed only to one another. This ensures users’ identities remain confidential unless they consent to disclosing them.

What does it mean to “match"?

Market participants “match” when they indicatively agree to a set of key commercial terms. By “matching,” both parties are revealed to one another so that they can continue negotiations and finalize their offtake agreement offline.

How does the chat feature work?

RenewaFi market participants can chat directly and anonymously with each other whenever they are within 10% on price or have exchanged a request to match. The chat feature allows market participants to reach consensus on deal terms quickly and conveniently.

Who leads RenewaFi?

Noam Yaffe founded RenewaFi after working for a leading clean power plant developer, where he contracted nearly 800 MW of offtake agreements in ERCOT. Earlier in his career, he was an investment banker focused on tech M&A.

Who are your investors?

Our investors include founders and early supporters of leading growth companies like Uber, Square, and Oscar Health. They include First Round Capital, Floating Point, Box Group, Powerhouse Ventures, Mantis, Alumni Ventures, and Day One Ventures.

What happens if I match with someone I already know? If we end up closing a deal, would the success fee still apply?

Yes. By going through RenewaFi, you would have been able to test the market for alternatives and better pricing, access comparable deals that influence your pricing strategy, and confirm that the counterparty is genuinely interested in your deal. This represents significant value. Unlike a broker, RenewaFi is a neutral platform where you can engage anonymously with both existing and new counterparties in an innovative and efficient way. In fact, RenewaFi works best when everyone you know is using it. That's how it facilitates increased liquidity and transparency.

Why is the marketplace anonymous?

All activity in the marketplace is anonymous until two parties agree to match for a given opportunity, at which time those two parties’ identities are revealed only to one another. This ensures users’ identities remain confidential unless they consent to disclosing them. Originators have asked to keep the marketplace anonymous so that they can prospect for offtake agreements without disclosing their identities and signaling their firms' interests.

What does it mean to match?

Market participants “match” when they indicatively agree to a set of key commercial terms. By “matching,” both parties are revealed to one another so that they can continue negotiations and finalize their offtake agreement offline.

How does the chat feature work?

RenewaFi market participants can chat directly and anonymously with each other whenever they are within 10% on price or have exchanged a request to match. The chat feature allows market participants to reach consensus on deal terms quickly and conveniently.

Can I transact through the marketplace?

No. RenewaFi helps originators source and price their offtake agreements. When two parties indicatively agree to a set of key commercial terms, RenewaFi introduces them so that they can continue negotiations offline. RenewaFi does not support contract execution.

Can I prospect for financially-settled offtake agreements, such as virtual power purchase agreements (VPPAs), on RenewaFi?

No. The marketplace is for prospecting physically-settled offtake agreements only.