LevelTen Energy, a provider of renewable transaction infrastructure, debuted an online platform for buying and selling renewable energy assets. The LevelTen Asset Marketplace will bring together the world’s largest collection of renewable energy project developers and asset investors, paired with the software, analytics and expertise to quickly buy and sell assets at all stages of maturity. The LevelTen Platform aims to becomes the world’s largest online hub for renewable energy asset transactions and energy sales.
The LevelTen Asset Marketplace builds on the success of the LevelTen Energy Marketplace, the world’s largest online marketplace for renewable power purchase agreements (PPAs). Now, this global network of 470+ project developers and financiers can find PPA offtakers, and buy and sell assets on a single online platform, making it faster and easier to complete these key hurdles in the development process.
Traditionally, acquiring or divesting assets is a slow, manual process that requires insider networks. The process would take months and, with a limited view of the market, participants couldn’t be certain they were transacting on the right projects at the right price.
Using the LevelTen Asset Marketplace, sellers can list their assets for auction and instantly reach more than 470 developers and financiers, maximizing asset exposure to qualified buyers and investors. Participants can also work with LevelTen’s team of M&A experts to develop the best competitive positioning and to facilitate contract negotiations. Those interested in acquiring assets can issue automated RFPs and leverage LevelTen’s deep analytics to select high-value projects.
“It’s hard to imagine getting the best offer for your house, or buying a home you won’t regret, if you transact only with the people in your contact list,” said Patrick Worrall, LevelTen Energy Vice President of Asset Marketplace. “Yet, selling and buying renewable energy assets used to operate like this. Over 470 project developers already participate in the LevelTen Platform; now they can quickly buy and sell their assets, knowing that they’re getting the best deal possible because they have full transparency and access to the market.”
The LevelTen AssetMarketplace creates more liquidity in the market by facilitating buyer and seller connections and giving developers critical market pricing intelligence to inform future development. According to LevelTen’s Q12021 PPA Price Index, renewable energy project supply is struggling to keep up with demand in many North American markets, leading to rising prices over the past year.
“To slow the rate of global warming, we need to rapidly scale renewable energy project development, and this requires accelerating every stage in the development process,” said Bryce Smith, Chief Executive Officer, LevelTen Energy. “First, we accelerated the PPA process; with the launch of the LevelTen Asset Marketplace, we’re now disrupting the way projects are bought and sold, making it faster and easier to develop projects where they’re needed the most.”
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