What are power purchase agreements?


Getting a lot more renewable energy on the grid make money back over time otherwise no wonder is going to give you to build a project Craig Gordon is with in vanity a wind and solar developer he says one way to provide that guarantee is through a power purchase agreement a power purchase agreement is simply contract between a wind farm solar farm and or buyer like a utility or a large industrial customer like Google or facebook or Microsoft which enables us to go to the can say look here bank we have twenty year contract with XYZ utility for X. amount of dollars now will you lend us the money so that we can build this Dan to meet clean energy targets so a power purchase agreement is a lot more than a legal document is a tool to help transition to a clean energy economy.

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