Demand For Corporate Power Purchase Agreements On The Rise

We are amidst a global shift toward renewable energy, which, for Saskatchewan and other jurisdictions rich with renewable resources, is creating a new frontier of resource development and supply opportunity. The demand for low-carbon energy continues to rise as more organizations in both the public and private sectors seek decarbonization and make commitments to carbon-neutral goals.

THERE HAS BEEN a significant growth in the renewable power being privately procured through Corporate Power Purchase Agreements (CPPAs) in the United States and Europe. In Canada, much of this development has remained within the purview of government and other public institutions.

A CPPA is a long-term agreement between a corporation and a power generator to notionally purchase electricity for a specified price and for a specified period of time. Often this is from a specific renewable project with renewable attributes such as Renewable Energy Credits or Certificates (RECs). In this