Document background
This Virtual PPA template is designed for use in the Danish market where corporate renewable energy procurement is growing significantly. It provides a framework for financial settlements between renewable energy generators and corporate buyers, typically used when physical delivery of electricity is not practical or desired. The document incorporates key Danish legal requirements and EU regulatory considerations, including compliance with REMIT and financial services regulations. It is particularly relevant for international corporations seeking to support renewable energy development in Denmark while managing electricity price exposure. The agreement includes detailed provisions for settlement calculations, market price references, credit support requirements, and regulatory compliance mechanisms, all adapted to the Danish market context and legal framework. This type of agreement has become increasingly important as Denmark continues to expand its renewable energy capacity and corporate buyers seek to meet their sustainability goals.
