3Degrees welcomes Tyler Espinoza as our newest Renewable Energy Analyst. Tyler joins Kim Fiske’s team at 3Degrees which is focused on advising customers through the direct purchase of renewable energy, such as via PPAs or on-site solar. In this role, Tyler will evaluate direct procurement energy deals with an eye for risk and opportunity, an assignment that is trickier than it sounds.
“These transactions can have a real financial upside,” said Tyler. “However, there are many variables to be considered. For example energy prices may remain low, or curtailment or congestion issues may develop and have a significant and unexpected financial impact. My goal is to paint the entire picture for decision makers so they can make a fully informed decision.” Also important to consider is the contract structure. Term, price and location must meet the client’s risk, environmental and financial goals. The experience Tyler brings to 3Degrees will help illuminate these details for clients.
Tyler brings extensive industry experience to the role. Previously he led renewable energy procurement services for public and private clients, including the Department of Energy’s Sunshot initiative. During his career Tyler has helped aggregate solar purchasing for several universities, helped bring 78 megawatts of new solar capacity online and assessed over seven million square feet of space for its solar potential. He will use this vast experience, and knowledge of regional power market dynamics and environmental policy trends, to thoroughly evaluate business and financial risk for 3Degrees clients. Tyler has an MA in International Energy and Policy from Middlebury Institute of International Studies.
Commonly referred to as PPAs, power purchase agreements are a common mechanism for renewable energy procurement and are a growing global trend, thanks to rising interest in sustainable business operations and declining costs of green energy options.
Connect with Tyler on Linkedin.