What is a Corporate Power Purchase Agreement (CPPA)?
Corporate Power purchase agreements (CPPAs) can help businesses achieve sustainability goals and lock in long-term pricing for electricity, helping to manage the risk of volatile power markets and generate savings on energy bills.
A PPA is a contract between a seller and a buyer of electricity, usually long-term (10 years) in nature and specifically regarding the sale and purchase of renewable energy.
PPAs let you source renewable energy from assets located outside your site. This is ideal for industrial sites that have limited space. PPAs aldo enable corporate customers to source renewable energy from fewer but larger assets, enabling them to reduce costs through economies of scale. The renewable energy project is connectes to the grid, providing the renewable energy producer with alternative market routes, particularly on the wholesale market.