Wednesday, September 28, 2016
1:00 PM-2:00 PM EDT
Corporations and large institutions are increasingly turning to power purchase agreements for renewable electricity to manage utility expenses and meet their carbon footprint reduction and sustainability goals. Recently, a new twist on the power purchase agreement (PPA) model has emerged—the “virtual” power purchase agreement (VPPA). Unlike traditional PPAs that involve the physical delivery of electricity to the customer’s location, VPPAs are more like a financial transaction and consequently are not limited to customers located in deregulated states. During this webinar, we discussed the factors driving the growth of corporate interest in power purchase agreements, how VPPAs work, the cost management (hedge) value of VPPAs, the suitability of VPPAs for different customer types, and key considerations when evaluating a VPPA. The webinar also provided an overview of Iron Mountain’s recent experience with VPPAs, including the planning and vision that made them a reality.