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Understanding Guarantees of Origin

Written by
Tomás Oliveira

Guarantees of Origin (GoOs) are playing an increasingly important role when negotiating Power Purchase Agreements. Their recent price surge has caught the attention of electricity producers and off-takers since their impact on pricing is becoming increasingly relevant. But what are they?

1 min
24th Jan, 2023
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What are Guarantees of Origin (GoOs)?

A certificate that guarantees that the origin of electricity is based on renewable energy sources.

 

What are they for?

  • To track and certify the electricity from renewable energy sources
  • Trading instrument to incentivize the renewable energy production
  • To offset carbon emissions

 

What do they include?

The certificates contain information on the:

  • type of renewable energy
  • location of the power station
  • date of the generation

 

How do they contribute?

Overall, the use of GoOs helps to increase transparency in the energy market and promotes the growth of renewable energy.

Get in touch with us to start using current GoOs data for your Power Purchase Agreement negotiations and don't forget to check out the video version of this post here.

 

 

 

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About Synertics
Synertics provides advisory services and develops digital data-driven solutions for the energy industry with the purpose of driving productivity and transferring knowledge.
PPA Origination, Structuring and Pricing