LevelTen Energy opens procurement of up to 500 MW of European renewables capacity


US renewables marketplace and procurement platform LevelTen Energy is conducting a request for proposals on behalf of an unnamed client to consider European renewable energy project proposals ranging in size from 50-500 MW.

LevelTen would specify only that the client is a member of the RE100 initiative. The RE100 campaign, launched in 2014, is a global initiative aiming to spur private sector companies – which are said to account for half of the world’s electricity consumption – to meet their energy needs from renewables.

European developers have until July 20 to submit project proposals through LevelTen’s online platform.

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“Voluntary renewable energy procurement among corporations is rapidly gaining momentum in Europe thanks to a confluence of factors,” LevelTen said. Pressure from corporate stakeholders, government directives and new market developments are among the motivations, according to the company.

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