Power Purchase Agreement: How It Works
Автор: Michael McHugh
Загружено: 2024-04-23
Просмотров: 1898
Описание:
A power purchase agreement is a long-term contract between an electricity generator and an electricity consumer.
A power purchase agreement (PPA) is like a long-term subscription service for electricity.
Just like you might subscribe to a streaming service like Netflix to watch movies and shows, a PPA allows a buyer (like a utility) to subscribe to a renewable energy project (like a solar farm) for a fixed period, usually 10-25 years.
The buyer agrees to purchase a certain amount of electricity from the renewable energy project at a predetermined electricity price for the duration of the agreement.
This provides the project developer with a guaranteed revenue stream, which helps them secure financing to build the project,
while the buyer gets access to renewable energy at a predictable cost.
#powerpurchaseagreement #ppa
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