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Participants had the opportunity to familiarize themselves with specific steps in the implementation of this mechanism, its cost-effectiveness, advantages, as well as potential challenges.
The AmCham Energy Committee organized an event on the topic of Corporate Power Purchase Agreements (Corporate PPA) – New Solutions for Electricity Supply. More than 90 representatives from member companies of AmCham attended a lecture by Marko Janković, Director of the Electricity Market Sector at CWP Global, and Petra Mitrović from the law firm Karanović & Partners.
This entails a new mechanism for sourcing green electrical energy, involving a direct contractual relationship between consumers and producers of renewable energy. Corporate PPAs connect two complementary aspects – on the consumption side, large corporate consumers seeking stable prices and renewable energy, and on the production side, companies looking for long-term fixed contracts to achieve bankability.
In order to ensure a secure and predictable supply of green electrical energy, companies are increasingly interested in signing Corporate PPA contracts. These agreements represent a crucial step towards achieving sustainability and reducing carbon footprints, enabling corporations to directly source electrical energy from renewable sources with guarantees of origin.
A Corporate PPA is a power purchase agreement that a consumer directly enters into with a renewable energy producer. The most commonly used structures so far are physical (sleeved) Corporate PPAs and financial (synthetic) Corporate PPAs.
The year 2023 was a record-breaking year for the Corporate PPA market in Europe and worldwide – contracts for nearly 12 GW of new facilities were concluded in Europe alone. The first Corporate PPAs in the region were signed in Croatia and Slovenia, while the first realized projects are anticipated in Serbia.
