São Paulo, 21 August 2018: The Brazilian Business Council for Sustainable Development (CEBDS), in partnership with the World Business Council for Sustainable Development (WBCSD), organized a forum hosted by Vestas focused on corporate renewable Power Purchasing Agreements (PPA).
Power Purchase Agreement (PPA) is a contract between an energy buyer and a power producer to purchase electricity at a pre-agreed price for a pre-agreed time period. Corporate renewable PPAs help companies reduce current electricity costs, increase visibility into future energy costs, and at the same time offset CO2 emissions from the company.
The event brought together buyers, financiers and energy developers – most notably representatives of AmBev, Braskem, Santander, Bradesco, Enel, EDP, EDF, CPFL, Shell, Schneider Electric, Vestas and Dow.
Discussions centered around the development of an action plan aimed at facilitating the long-term PPAs. "It is crucial that the market can count on good instruments for safe growth and reliable power generation. This can only be achieved by joining the links along the energy chain. Corporate PPA is a way to expand the free market and help companies meet their goals of being renewable”, explains Laura Albuquerque, Technical Advisor at CEBDS.
WBCSD’s REscale project is bringing together stakeholder from the renewable supply chain to boost global deployment. One key aspects of this work is the Corporate Renewable PPA Forum which promotes direct contracts between renewable suppliers and consumers to buy electricity. Many of these contracts support the financing of new capacity and help companies and countries to progress against their renewable energy targets.
Together with Global Network partners like CEBDS in the case of Brazil, the Council organizes workshops and webinars to increase the understanding of corporate renewable PPAs and develop solutions to commonly seen barriers.