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Strategic Growth Plan for a Renewables Owner & Operator

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Carbon Reduction Begins with Carbon Accounting

Before setting any carbon reduction goals or developing a roadmap to achieve targets, organizations must first understand their emissions profile. Carbon accounting is the process of identifying and quantifying an organization’s carbon emissions that are associated with its operations. Once an organization understands the sources of its emissions, it can use that information to identify emissions hotspots, propose reduction opportunities, and establish attainable reduction targets.
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Coal's Accelerated Burn: Drivers for Coal Plant Closures

A second wave of coal plant closures is projected across the United States in the next five to ten years. The first wave began in the early 2000s and was driven solely by economic considerations. The coming second wave will be driven by similar economic considerations but will be buoyed by socio-political factors. Net-zero, renewable portfolio standards, and other clean energy emission goals and mandates, coupled with a new emphasis on environmental, social, and governance (ESG) initiatives, will accelerate the timing of coal plant retirements. ScottMadden projects the end of coal as an electric generation source in the United States sometime within this century.
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An Acquisition Of Renewable Energy Resources Case History

Power utilities are seeking opportunities to identify and acquire renewable energy resources to assist the transition of power generation facilities. These acquisitions require strong and disciplined processes to respond to the dynamic energy landscape. The demand for clean energy requires organizations to explore options that align with their investment objectives and sustainability goals. From solar and wind, power utilities can unlock new opportunities through disciplined planning processes when exploring the acquisition of renewable energy resources. In this article, we present a case history that can help electric utility managers understand how to effectively assess the potential return on investment (ROI) for renewable energy resources and enhance ESG assets.

The Challenge

Our client, a national developer, owner, and operator of utility-scale wind, solar, and battery storage assets, recently completed a major acquisition. The purchase expanded their asset portfolio and project pipeline to include all renewable energy resources (e.g., wind, solar, storage) across all U.S. markets. In the fast-growing renewables market, they faced several challenges, including persistent regulatory uncertainty, rising development costs, and tough competition.

The Process We Helped Develop

  • Our consultants Researched and compiled a comprehensive U.S. renewable energy market assessment that included deep dives into key topics such as power transmission and distribution.
  • We performed a current state analysis of the company’s financial performance, operational capabilities, asset portfolio, development pipeline, and organizational structure.
  • Through a series of executive workshops, we formulated strategic goals and objectives and ideated key strategic projects and investments.
  • Based on a variety of different external and internal scenarios, we modelled the company’s financial and operational performance over the planning horizon.

The Results We Obtained

  • Our team of experts developed a board-approved, five-year corporate strategic plan that guided this power utility client to 5x growth over the planning period. The plan included:
    • Portfolio, pipeline, revenue, and profitability objectives;
    • Targeted market and technology expansion across regions;
    • Key strategic projects and investments to expand the power utility capabilities and support brand differentiation.
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Contributing Authors

Paul Quinlan Clean Tech Manager
Evan Fairmont Director
Mike Flint Manager

May we suggest:

Carbon Reduction Begins with Carbon Accounting

Before setting any carbon reduction goals or developing a roadmap to achieve targets, organizations must first understand their emissions profile. Carbon accounting is the process of identifying and quantifying an organization’s carbon emissions that are associated with its operations. Once an organization understands the sources of its emissions, it can use that information to identify emissions hotspots, propose reduction opportunities, and establish attainable reduction targets.
Article

Coal's Accelerated Burn: Drivers for Coal Plant Closures

A second wave of coal plant closures is projected across the United States in the next five to ten years. The first wave began in the early 2000s and was driven solely by economic considerations. The coming second wave will be driven by similar economic considerations but will be buoyed by socio-political factors. Net-zero, renewable portfolio standards, and other clean energy emission goals and mandates, coupled with a new emphasis on environmental, social, and governance (ESG) initiatives, will accelerate the timing of coal plant retirements. ScottMadden projects the end of coal as an electric generation source in the United States sometime within this century.
Article

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