Energy Advisory: where challenge meets opportunity
About Our New Energy
Our New Energy is the leading independent PPA advisory company, with highly experienced team that is passionate about the energy market and its current transition towards a low carbon environment.
Navigating this environment efficiently and with speed requires a deep knowledge of the markets, a broad network and transaction experience.
We are proud to have advised and continue to advise several of the most successful companies in this transition and are eager to maintain our position at the forefront of innovation and consistently setting new standards.
At Our New Energy (ONE) we assist in capturing first mover advantages in new markets as well as leveraging on our unparalleled transaction history in existing markets to ensure maximum value for our clients. Ensuring that our clients obtain the PPAs they need and that such transactions are as good as the market can offer at any given time. As numerous new actors are entering the long term PPA market with limited experience, and existing market participants need to understand and absorb new risks, we enable our clients to make the most of these new opportunities.
Our core service is PPA transaction advisory and origination. Consisting of three steps:
- Finding the optimal PPA structure for the client. Only through an understanding of the clients needs and capabilities and a thorough knowledge of the markets can we assist in finding the optimal PPA structure that suits the client and can be offered by the market. With a firm understanding of the PPA requirements the field of potential offtakers.
- Finding the right offtaker. The optimal PPA may only be offered by a select number of offtakers. Approaching only the right offtakers ensures a smooth and time effecient process whilst guaranteeing the highest probability of success.
- Finally, negotiating and closing the PPA. Most organizations can enter a PPA, but none have structured and executed +2.5 GW of market parity PPAs across Europe and have seen the variety of structures, off-takers, financing structures and geographies that we have. We ensure that the options are quantified and risks are efficiently allocated.
We find our creativity and drive through our in-depth understanding of the power market and experience combined with a strong passion for what we do.
How we operate
ONE has a solid back-ground within the energy market and has brought substantial innovation to PPAs. Combining the ability to quantify the choices between offtake structures, whilst knowing the major PPA trends and offtakers offerings and capabilities, ONE is capable of structuring the optimal PPA transaction suiting the risk appetite of the client.
Ahead of any transaction, ONE already have a good "feeling" how much certain PPA "features" are worth and traded for in the market, saving time and iterations when approaching off takers. In a buyers' market one has only a limited window in which to get a real quote from off takers.
When contracting on fund level, ONE is further capable of advising on PPA structures across markets, enabling an efficient cross-market PPA strategy, and not isolated on project level. Also, given our extensive transaction and relationship portfolio, it happens that off-takers contact us when they have products and/or volumes to acquire, since we represent a large portfolio and they acknowledge the filtering effect we represent. How is that? We only work with real projects and for proven counterparts, we avoid tendering or running RFQs and last but not least, we filter our requests during the structuring phase, in order not to waste anyone's time.
At Our New Energy we are keen to align our interests with those of the clients and therefore our remuneration is closely linked to the success of our clients. As we want our clients to receive a tangible product, e.g. a real PPA, and not just generic market information and consultancy services we favour a fee structure heavily weighted towards success in addition to a fixed monthly retainer. This model has allowed us to grow organically alongside our clients and close more than 2.5 GW of PPAs since our foundation.
Always striving for excellence
By excellence we mean having an efficient process where focus is on value creating elements in our negotiations, and contracts are drafted based on inputs from numerous past transactions (but also having the toolbox on how to bypass deadlocks, circumvent problems, anticipate issues etc). Most generators/investors are able to gather term sheets and negotiate a PPA, however, unable to know whether they are signed under market conform terms (or ideally even better). Often the off-taker also has limited experience in negotiating long term PPAs, why ONE is also able to identify win-win situation that even the off-take did not realize.
ONE has signed +2.5GW of PPAs for unsubsidised assets making us the most experienced PPA team in Europe. This creates a very strong foundation for assisting our current and future clients.
We are independent – i.e. not owned by any other market participants, be it utilities or developers/investors, this giving us the privilege to act neutral. Through our independence we can collaborate with different investor profiles and have a good working relationship with all relevant off-takers.
ONE ensures that our clients are at the spearhead of the transition. The energy transition is moving quickly, and the momentum is growing. Consequently, ambitious market participants cannot afford losing time. At the same time the lack of experience in the market means that a lot of efforts are wasted so by knowing what can be offered by whom we can ensure a smooth and targeted as well as speedy approach whilst maintaining high transaction security.
It all began with PPAs
Our New Energy is an independent international energy services house founded back in 2016. We support the energy sector by leveraging on our market knowledge and capabilities with the aim of providing tailor-made services targeting the renewable investments value-chain.
Our New Energy has been at the forefront of the development of PPAs for unsubsidised assets signing the first PPA for a utility-scale ground-mounted unsubsidised renewable asset in Europe in 2017.
Once the idea of PPA projects started to spread, a series of PPAs were signed in 2018. Our New Energy supported the generation side on more than 1GW of market-parity renewable PPAs in 2018.
Special milestones for Our New Energy were the signing of the world largest private solar PPA (708 MW in Iberia), the largest single PV plant in Europe (220MW in Portugal) and the first 10 years fixed price PPA in Italy for a 20MW PV plant.
Special milestone for Our New Energy was the signing of the first corporate PPA directly between an industrial end-user and a renewable energy producer in Spain. This represents a first of its kind in a model that will follow and grow in the years to come.
Our success and the subsequent satisfaction of our partners has led to the expansion of our mandates not only in size but also in new geographies and as of 2019 in addition to our core markets we are actively pursuing PPAs for ready to build projects in Sweden, Norway, UK, US, Serbia, Panama and Australia amongst others.