PPA

A Power Purchase Agreement (PPA) is a contract between a clean energy producer, like a solar or wind farm, and a buyer, typically a utility or corporation. It sets the terms for purchasing electricity generated over a specified period, often at a fixed or predictable price. This arrangement helps fund renewable energy projects by guaranteeing revenue, while the buyer benefits from renewable energy at a stable cost, supporting sustainability goals. PPAs are essential for financing and deploying large-scale renewable energy solutions and provide long-term energy supply certainty for both parties.