ECOHZ, a provider of global renewable energy solutions, announced the launch of a system of Guarantees of Origin (GO) and an innovative financing model to enable companies to become energy positive and create more renewable energy than they consume.
The ECOHZ GO2 solution is available in two variants: GO² United and GO² Signature.
“GO² United and GO² Signature help companies produce new renewable energy as a direct result of their renewable energy consumption. It enables them to produce more energy than they use and become energy positive,” says Tom Lindberg, managing director of ECOHZ, one of the people behind these two new solutions.
GO² United is developed specifically for companies that want to contribute directly to the building of dedicated energy projects together with others.
ECOHZ’ GO² Signature is ideal for companies that want to finance an exclusive renewable energy project with their signature.
GO² United and GO² Signature document emission reductions, contribute to the development of new renewable energy, amplified by a multiplier effect, show the company’s environmental performance, while ECOHZ handles all the administrative tasks.
“Engaging in GO² for as little as one year can be enough to assure that a new power plant is built. Once the new power plant is built, it will over its lifetime produce more renewable electricity than the company’s annual consumption, making the company energy positive,” said Lindberg.
With GO², companies have the option of buying a high impact renewable energy product that is simple to implement without binding, long-term financial commitments.
ECOHZ identifies possible new renewable energy projects, companies commit funds to the ECOHZ Renewable Energy Foundation that ensures the top-financing of the selected “ready-to-be-built” projects to ensure fast deployment.
The GO² top-financing covers up to 15 percent of the total project costs. The ECOHZ Renewable Energy Foundation will provide top financing to the projects using an attractive lending scheme. The lending scheme, although preferential compared to traditional sources, will ensure a payback of funds to the foundation. This creates a multiplier effect as the funds can be reinvested in yet another project.
The foundation seeks to reinvest the funds through a circular financing model in this manner every three years. Thanks to re-use of funds – the additionality impact is exponential, the company said.