An Orrick lawyer co-authored a white paper titled “Proxy Generation PPAs: The Next Evolution of PPA for the Corporate & Industrial Buyer,” discussing new contractual architecture for power purchase agreements that better enables corporate and industrial purchasers of renewable energy to hedge weather and commodity pricing risk inherent in their current transactions. The article is available here.
Independent power producers (IPPs) and incumbent electric utilities have traditionally entered into long-term arrangements for the physical sale and delivery of electric power. As alternatives to these arrangements, the renewable energy market is increasingly making use of financial trading instruments. On February 22, 2018, energy professionals from Microsoft, Citi Commodities and Lockton Companies met in Houston’s Orrick offices to discuss various products in the financial markets available to hedge renewable energy pricing and volumetric risk. This presentation is part of a series of events hosted by the Houston chapter of Women of Renewable Industries and Sustainable Energy (WRISE).