The Brazilian Business Council for Sustainable Development (CEBDS), in partnership with the World Business Council for Sustainable Development (WBCSD) discussed the development of an action plan to facilitate the structuring of long-term renewable energy purchase agreements (PPAs) in Brazil. The proposals to be developed include regulatory suggestions to facilitate the market and arguments addressing the benefits of this PPA instrument.
The measures were discussed during the 1st Corporate Renewable Energy Purchasing Forum, held on August 15th at Vestas headquarters in São Paulo. The event brought together energy buyers, financiers, and developers. Among those present were representatives from AmBev, braskem, Santander, Bradesco, Enel, EDP, EDF, Shell, Vestas and Dow.
"It's crucial that the market has good instruments for safe growth and reliable energy generation. This can only be achieved by connecting the links in the chain. The Corporate PPA is a way to expand the free market and help companies meet their renewable energy goals," explains Laura Albuquerque, technical advisor at CEBDS.
Power Purchase Agreement (PPA) A renewable energy PPA is a contract between an energy buyer and an energy producer to purchase electricity at a pre-agreed price for a pre-agreed period of time. Corporate renewable PPAs help companies reduce current electricity costs, increase visibility into future energy costs, and simultaneously offset the company's CO2 emissions.
