Engie woos developers with 10-year ‘bankable’ PPAs

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Engie is attempting to woo developers of low carbon generation projects by touting long-term fixed price power purchase agreements.

The firm claims its ‘bankable PPAs’ will give investors the confidence they need to back developments as plants will earn a guaranteed income for the duration of the loan repayment period. That can be a 100 per cent fixed wholesale price agreement for up to 10 years.

Alternatively, developers can go for index-linked agreements, with prices based on market indices such as N2EX. These can include seasonal hedges, floor prices and they can also support CfD and FiT structures, said Engie.

Details here.

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