Leading advice on corporate PPAs
Corporate power purchase agreements can reduce your carbon footprint, support the creation of renewable energy, and provide cost savings and energy security. With our breadth of experience, we can help you with any type of PPA, anywhere in the world. In fact, no other law firm closes as many corporate PPAs as we do.
As businesses become more aware of the need to decrease their greenhouse gas emissions, corporate power purchase agreements (PPAs) are gaining in popularity. With today’s substantial wind and solar development and an active M&A market, even low-energy users are benefitting from corporate PPAs to reduce their carbon footprints and obtain cost savings in volatile markets.
We’re here to help you navigate every step. Our global team is consistently recognized by inspiratia for doing more corporate PPA deals than any other law firm. We provide guidance on all models of corporate PPAs, whether virtual, physical, hybrid or private wire – within one jurisdiction, or across borders.
We advise corporate off-takers (in a wide range of industries), generators, funders and licensed suppliers across more than 30 countries, so we fully understand the drivers and issues from all perspectives.
Our team also knows what it’s like to walk in your shoes. When we advise you on a corporate PPA, we bring to the table our own experience as the first law firm in the world to have signed a corporate PPA as an off-taker. Our entry into a corporate PPA with NextEnergy is a major milestone in our firm’s journey to decarbonize and supports our commitment to halving our greenhouse gas emissions in absolute terms by 2030.
“Our team knows what it’s like to walk in your shoes. When we advise you on a corporate PPA, we bring to the table our own experience as the first law firm in the world to have signed a corporate PPA as an off-taker.”
We of course help you consider PPA objectives against material risks and interactions with other key project agreements including availability, outage, connections, curtailment and balancing. But we also help you with the transfer and use of all relevant project and environmental attributes (for example, EU GoOs, UK REGOs, international IRECs), the sleeving of electricity under supply agreements, and the optimization of sleeved renewable electricity with other price hedging arrangements.
As you’d expect, we’re fully abreast of legislation and regulation in all major jurisdictions, and voluntary standards including the GHGP guidance, the RE100 Technical Guidance and the RECS Good Practice Guidelines. And we’ve been instrumental in developing standards such as IRECS or EnergyTag.
But, above all, we’re innovators. Our team created the “hybrid” virtual power purchase agreement (vPPA), and drafted for the European Federation of Energy Traders (EFET) the standard financially settled and physically settled PPAs, the standard GoO and REGO Certificates Master Agreement and the standard Hydrogen GoO Master Agreement.
We’ll provide comprehensive advice to guide you through the full process of implementing a PPA and ensure you achieve a successful outcome.
