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ARTICLE · 02 DECEMBER 2021

Virtual Power Purchase Agreements: A Net Zero Strategy

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Against the backdrop of worldwide ambitions to reach net zero emissions by 2050, Canada's renewable energy industry is undergoing significant change.

CanadaEnergy and Natural Resources
Tyson Dyck
Tyson Dyck
Chris Christopher
Chris Christopher
Taylor Campbell
Taylor Campbell
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Against the backdrop of worldwide ambitions to reach net zero emissions by 2050, Canada's renewable energy industry is undergoing significant change. As businesses focus on reducing the emissions associated with their electricity use, renewed interest in private power purchase agreements (private PPAs) is emerging—giving rise to opportunity for power developers and businesses looking to realize corporate ESG commitments. In this article, we explore the mechanics of PPAs and the latest market trends in Canada.

The current landscape

At COP26, the 2021 UN Climate Change Conference recently held in Glasgow, countries were asked to present ambitious 2030 greenhouse gas emissions reductions targets that would put them on a path to achieve net zero emissions by mid-century.

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