What is a Power Purchase Agreement?
A Power Purchase Agreement (PPA) is a long-term contract (typically 10-15 years) through which a corporate buyer agrees to purchase electricity and Energy Attribute Certificates (EACs) physically or virtually from a renewable energy generator. EACs—also known as Renewable Energy Certificates (RECs) in North America and Guarantees of Origin (GOs) in Europe—have many different names around the world.
A popular solution for helping businesses migrate toward a net zero future, this powerful tool also helps meet long-term carbon reduction and renewable energy goals and satisfy various stakeholders. There are generally 2 types of PPAs: Direct or Physical Power Purchase Agreements (DPPA) and Financial or Virtual Power Purchase Agreements (VPPA).
Our team of experts will guide you through every step of the Power Purchase Agreement process. After an in-depth PPA or VPPA assessment, our PPA and VPPA advisors will tailor a plan that addresses your energy needs and program goals, simplifying renewable energy procurement.