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The session on purchasing offsite renewable energy explored strategies and challenges for renewable energy procurement, particularly for SMEs in Southeast Asia. Mark Hutchinson, Global Wind Energy Council (GWEC), highlighted the limited access SMEs have to Power Purchase Agreements (PPAs) for renewable energy, urging a phased approach starting with Renewable Energy Certificates (RECs) and progressing toward direct sourcing. He also shared innovative models like Apple’s ‘micro-utility’ approach, which simplifies renewable energy procurement for its supply chain.
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David Yeo warned against relying solely on RECs, advocating for direct renewable energy sourcing to achieve true sustainability. He pointed to market complexity and price volatility, particularly in Singapore, where demand from RE100 companies has driven prices to unprecedented levels. He also emphasized the importance of transparent policies and simplified financial instruments.
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Albert Sutanto of Mount Stonegate discussed practical solutions like bundling contracts with larger off-takers to de-risk renewable energy projects for SMEs. He underscored the competition SMEs face from state-owned utilities and large corporations, as well as the need for stronger policy advocacy to create a supportive market environment.
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Key Takeaways
