GreenPower offsite renewable energy certification program

Renewable energy has had, and will continue to have, a critical role in the energy transition to support the achievement of net zero emissions. The GreenPower Program is a national initiative to drive voluntary and additional investment in renewable energy. Common Capital was engaged by the NSW Department of Planning and Environment to conduct a scheme review to assess its relevance, structure and role in the current and future energy and emissions reduction markets.

Key takeaways

  • GreenPower has historically helped Australian households and businesses to support renewable energy generation by driving voluntary and additional investment.
  • GreenPower is facing increasing challenges as the renewable energy market and policy landscape have evolved significantly. The renewable energy supply in Australia is expected to continue to grow rapidly over the next decade and the Renewable Energy Target likely to end.
  • There is an opportunity for the GreenPower program to drive additional investment in renewable energy by helping small customers access aggregated Power Purchase Agreements from new renewable energy projects.