Something interesting is happening in the PV market. We’re not just seeing an emergence of corporate power purchase agreements (cPPAs) in parity geographies – but also compelling innovation in the commercial models which underpin them. Despite the challenges of offtaker risk, contract duration, and assorted other contractual oddities when financing renewable energy projects in this way, leading lenders are just about getting used to the idea of private offtake agreements. But are they ready for other commercial-disrupters like blockchain,‘power and flexibility agreements,’ pooling of medium-sized energy suppliers, and PV-storage hybrid projects?
Back in April 2018, BayWa r.e. signed a 15-year PPA with Norwegian power provider Statkraft for the 170 MW Don Rodrigo Solar Park, currently under construction in Spain’s southern region of Andalusia.
Image:BayWa r.e.
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