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Businesses are focusing more and more on their sustainability goals, using a CPPA will be a big step in achieving these targets. We have written this blog to help your organisation understand CPPA’s and which is best suited for you.
What is a CPPA?
A Corporate Power Purchase (CPPA) Agreement is a long-term contract whereby an organisation agrees to buy all or part of their energy requirement directly from a generator, which can be a solar or wind farm developer.
The CPPA contract defines the key terms under which the agreement operates, covering off agreed volumes, contract duration and price. A CPPA allows the customer to receive stable and often low-cost electricity with no upfront cost.
Types of CPPA’s
There are several types of CPPA; however, these can be split into three categories:
Benefits of using CPPA’s
There are many benefits of CPPA’s, including…
Can my business use a CPPA?
Each CPPA-type can be limited by credit strength, volume, and operational restrictions. However, if your business is keen to get ahead on its sustainability goals, then this is something you should be considering!
At Beond, we can look at your energy consumption and business ambitions to determine which CPPA solution is most suitable for your goals to ensure you receive all the benefits your business needs.
Our team of experts are waiting to support your business. To find out more, contact our team at Beond on 0208 634 7533 or email us at info@beondgroup.com.