Document background
The Green Power Purchase Agreement (PPA) is a crucial instrument in Australia's renewable energy market, typically used when an organization seeks to secure long-term renewable electricity supply and demonstrate environmental commitment. It's particularly relevant in the context of Australia's renewable energy targets and corporate sustainability goals. The agreement details the commercial and technical arrangements between renewable energy generators and corporate buyers, including pricing, volume commitments, environmental attributes, and risk allocation. It must comply with Australian energy regulations, including federal renewable energy legislation and state-specific requirements. This document type has become increasingly important as more Australian organizations seek to reduce their carbon footprint and secure stable, long-term renewable energy pricing.
