Document background
The Corporate PPA Renewable (Energy) agreement is essential for organizations seeking to secure long-term renewable energy supply in Canada while managing electricity costs and meeting sustainability goals. This document is typically used when a corporate entity wishes to purchase renewable energy directly from a generator, either for a specific facility or their overall operations. The agreement encompasses detailed provisions for energy delivery, pricing, environmental attributes, and risk allocation, tailored to comply with Canadian federal and provincial regulatory frameworks. It's particularly relevant in the context of corporate sustainability initiatives, greenhouse gas reduction targets, and renewable energy procurement strategies. The document must account for specific Canadian market characteristics, including provincial electricity market structures, carbon pricing mechanisms, and where applicable, Indigenous rights considerations. The agreement can be structured as either physical delivery or virtual/financial settlement, depending on the provincial regulatory framework and parties' requirements.
