Financing Projects with Virtual Power Purchase Agreements (“VPPA”)

Live Webinar

Online via WebEx

On Wednesday May 16, 2018, from 1:00 to 1:30 p.m. (EDT), Blank Rome Partner Frederick M. Lowther and Of Counsel Joan M. Bondareff will present a live webinar, “Financing Projects with Virtual Power Purchase Agreements (“VPPA”),” where they will discuss the numerous opportunities and complexities surrounding VPPAs.

There is an unprecedented boom in renewable energy projects, especially those involving wind and solar power. Two interests—financing these projects and companies seeking to “go green”—are coming together in a novel concept called the Virtual Power Purchase Agreement (“VPPA”).

Companies that are large consumers of electricity, particularly those which provide products and services to the general public, are increasingly interested in marketing themselves as being “green” and supportive of renewable energy even though their operations are not positioned to buy renewable energy directly. Meanwhile, renewable energy project developers are looking for new finance streams to develop and expand their projects. Through VPPAs the electric power purchaser provides financial support to the project developer in return for the transfer of renewable energy credits or “RECs” generated by the energy project. The capture of the RECs is the foundation for the electricity consumer’s claim to be “green.”