Soldera Feature Spotlight: Forward Hedging of Guarantee of Origin Volumes with Soldera Forward Advantage

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09/2025
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For renewable producers, the most immediate Guarantee of Origin (GO) related headache is volatility. This translates to admin load of selling certificates without missing revenue. Whilst we’ve covered how producers can maximize GO profits before, this article will specifically focus on the merits of forward hedging, a strategic feature made possible by our aggregated forward sales process and GO allocation feature.

First, what are GOs?

As a quick recap, GOs are the legal evidence of how and where electricity was produced, required for supplier disclosure under the EU’s renewable framework, and anchored in Article 19 of the recast Renewable Energy Directive. They can be sold either bundled or unbundled from their associated energy production, and many producers coordinate their GO sales within or alongside power purchase agreements (PPAs) or virtual PPAs (vPPAs) to lock in revenue stability.

What’s forward selling?

To understand forward selling, you must first understand spot sales. When a GO is sold and then delivered immediately (or near immediately depending on settlement terms) at a market price, this is a spot sale. Think of it like it “happened on the spot.”

Contrastingly, forwards are the transaction of a product that does not exist yet. The producer is contractually obliged to deliver the GO when it is produced in the future, but they are paid well in advance. With that covered, you can see now that—in a world with unstable pricing and market volatility—for producers, forward hedging is a stabilizing force. Without seeing what lies ahead for the market, producers have the ability to bank a percentage of profit from GOs immediately. But the question is, what percentage should they take, and what factors influence this?

Introducing Forward Advantage

With Forward Advantage, we make forward sales simple and rewarding for renewable energy producers by handling the entire process while you benefit from premium prices and stability in a volatile market.

The process looks like this:

  1. Pick Your Strategy. Work with our team to select the best plan for you.
  2. Confirm Our Estimates. After you join, Soldera creates a personalized estimate for your annual production based on your history and regional production data. You can review and adjust it before we start selling.
  3. Let Soldera Handle the Rest. We make things simple for renewable energy producers. Your experience will be easy and clear, working smoothly with the Soldera platform.

How Soldera Forward Advantage can help you

The primary benefit is better prices. As part of our success fee model, we’re equipped to fetch the best market prices that we physically can for GOs—it’s a contractual obligation. During our sealed hybrid tenders, we present buyers with one list for spot and one list for forwards, so that our buyers can place bids for the aggregated volumes of all of our members. Our job is to get your forward production volumes in front of them.

Less admin and more realized price is the backbone of Soldera’s approach to forward hedging as a product feature: a one-click percentage allocation per plant with granular, quarter-by-quarter percentage settings. Registry logistics are fully automated, so transfers, contracts, and payments settle without manual touch. This delivers value in several ways:

  1. Risk reduction through quarterly averaging in a market that can swing heavily
  2. Revenue optimization where forward premiums have consistently sat above spot
  3. Market access via aggregation that brings small volumes into institutional pricing
  4. Strategy fit with PPA coordination

By leveraging our FAN strategy (Frequent, Aggregated, Networked), we sell quarterly to secure consistent income, pool volumes with other producers to access stronger prices, and tap into our extensive buyer network to guarantee the best deals. Together with our team, you select the share of your future production to hedge based on your individual production estimates, market outlook, and risk appetite. For example, some producers choose to hedge 60 percent for greater stability while others prefer 30 percent for more upside. Once you make your choice, we take care of the rest.

We understand it’s a big decision to trust us with your GO forwards, but you’re not alone. We work with 3,000+ units across Europe for firms like Nuveen, Svea Solar, Sunly, Solör Bioenergi, Utilitas, and BaltCap, and run tenders that attract 100+ corporate, trader, and broker buyers (and growing).

Your forwards are in good hands, and we’re eager to help. Whenever you’re ready, register as a member to get access to Soldera Forward Advantage.

⭢ Join our tender list
⭢ Sign up to our newsletter
⭢ Pilot our virtual accounts

Oliver Bonallack is Founder's Associate at Soldera. His writings focus on Energy Attribute Certificates (EACs) and Guarantees of Origin (GOs). He has a background in venture analysis and public policy, with a First Class BSc in Politics & International Relations from the University of Bristol alongside top performance in the Venture Institute and the Terra.do Climate Fellowship. His climate and energy experience includes building AI-first workflows for registry operations and investing in climate technology startups via Collective VC and Team Ignite Ventures. His day-to-day work focuses on compliance and registry ops, market data and policy research, content and GTM systems, and automation across renewable certificate processes

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