Document background
Virtual PPAs have emerged as a crucial tool for corporate renewable energy procurement in markets where direct physical PPAs may be challenging or impossible. This Virtual PPA template is specifically designed for use in Hong Kong, accommodating the territory's unique energy market structure and regulatory framework. The document provides a comprehensive framework for financial settlement between renewable energy generators and corporate buyers, including detailed provisions for price mechanisms, environmental attributes transfer, and risk allocation. It's particularly relevant for companies seeking to meet their sustainability goals while operating within Hong Kong's regulatory environment. The agreement includes all necessary provisions to comply with Hong Kong's Securities and Futures Ordinance, as Virtual PPAs are essentially financial derivatives.
