What makes a successful PPA? Find out by registering for The Energyst’s discussion with Zeigo Power by Schneider Electric on 23rd January 2024. The 1-hour webinar will feature Mark Chappell, Senior PPA Manager Zeigo Power, Russell Reading, Head of Decarbonisation and Energy Markets at Zeigo Power and Julie Allen, Energy Manager at King’s College London providing experience of PPAs from an end-user perspective.
The renewable PPA market has continued to grow rapidly despite the Covid-19 and energy crises, there is a demand from both parties to establish contracts that will benefit both parties. Buyers get green energy, important for net zero targets, CSR and hedging against price and volume volatility. While the asset owner is able to use the PPA to increases bankability of the project, allowing finance particularly as subsidies for renewable energy projects have ceased.
Power Purchase Agreements (PPAs) mean many different things to many different people. The basic principle: a contract whereby an electricity consumer agrees to purchase energy directly from a power generator at an agreed price is straightforward enough. They are used for brown electricity as well as green. Renewable PPAs can be sleeved, physical, virtual, onsite, corporate, retail and utility to name just some of the structure that are used.
Power Purchase Agreements provide financial certainty to you and the project developer, which removes a significant roadblock to building new renewable facilities.
What are the challenges, and what are the emerging opportunities to lock in clean power?