What is a Renewable Energy Procurement Strategy?
A renewable energy procurement strategy is a plan outlining the steps that an organization or energy buyer will take to transition to renewable energy sources. It includes setting objectives, developing measurable targets (KPIs), and implementing projects to achieve those KPIs. The strategy should also consider ways to reduce emissions and increase energy efficiency. This strategy is essential for organizations and energy buyers to ensure that they are taking the necessary steps to move towards clean and sustainable energy options.
What's included in this Renewable Energy Procurement Strategy template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Renewable Energy Procurement Strategy template for?
This Renewable Energy Procurement Strategy template is designed to help organizations and energy buyers develop their strategies for procuring renewable energy sources. It provides an opportunity to outline objectives, KPIs, and actions that need to be taken to transition to renewable energy sources and increase energy efficiency. This template can be used as a starting point to develop an effective renewable energy procurement strategy.
1. Define clear examples of your focus areas
A focus area is a broad topic or category that your strategic plan is centered around. For example, when developing a renewable energy procurement strategy, focus areas could include Renewable Energy Procurement, Energy Efficiency, or Carbon Footprint Reduction. Each focus area should be broken down into objectives, actions, and KPIs to ensure that the strategy is comprehensive and effective.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that need to be achieved within each focus area. When developing a renewable energy procurement strategy, objectives could include transitioning to renewable energy sources, reducing emissions, or increasing energy efficiency. Each objective should be accompanied by actions and measurable targets (KPIs) to ensure that the strategy is comprehensive and achievable.
3. Set measurable targets (KPIs) to tackle the objective
Measurable targets, or KPIs (key performance indicators), are necessary for any strategy to be successful. KPIs should be set for each objective, and should include an initial value, a target value, and a unit of measure. When developing a renewable energy procurement strategy, KPIs could include increasing renewable energy usage, reducing emissions output, or increasing energy efficiency rating.
4. Implement related projects to achieve the KPIs
Actions, or projects, are the steps that need to be taken to achieve the objectives and KPIs set in the strategy. When developing a renewable energy procurement strategy, actions could include identifying and utilizing renewable energy sources, implementing emissions reduction strategies, or investing in energy-efficient technologies.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is designed to help companies and organizations achieve their strategic goals faster. It provides an easy-to-use structure to build and manage a strategy plan, as well as track progress and measure results. By utilizing Cascade Strategy Execution Platform, organizations can see faster results from their renewable energy procurement strategies.