VPPA-1
Grid Energy advises and facilitates “Virtual” Power Purchase Agreements (VPPA), which allow a customer to buy renewable energy from an existing or new offsite generation source at a fixed rate (strike price), with terms typically 5-20 years. The energy is sold by the generator into the wholesale market at the agreed settlement location and receives the current market price. The customer receives REC credits to offset Scope 2 emissions and monthly financial settlements which are used to offset traditional energy procurement costs.
VPPA-2