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What is Power Purchase Agreement (PPA)

Cases on Green Energy and Sustainable Development
An agreement where a government consents to purchasing a set amount of power in advance. Used to reduce the risk of developing new power plants by guaranteeing revenue.
Published in Chapter:
Countries Progress in Solar PV in Support of NDC Implementation and Contribution to Achieving SDG7
Dereje Azemraw Senshaw (Global Green Growth Institute (GGGI), South Korea) and Alexander Edwards (Global Green Growth Institute (GGGI), South Korea)
Copyright: © 2020 |Pages: 29
DOI: 10.4018/978-1-5225-8559-6.ch001
Abstract
This case study examines the progress being made by 12 least developed countries (LDCs) in their effort to achieve Sustainable Development Goal 7 (SDG7) – access to clean and sustainable energy for all. Focusing on solar photovoltaics (PV), the authors look at what can be done to further the spread of renewable energy, and the role various actors have to playing in helping these countries to meet SDG7. Furthermore, with countries on the cusp of submitting their revised contributions under the Paris Agreement, they look at the role solar PV can play in helping LDCs to participate in taking action against climate change. After outlining the current policy landscape, and efforts being made within these countries, they look at the obstacles, opportunities, and the role of solar PV going forward. They also look at the steps that policymakers, both national and international, can take to encourage the rapid uptake of renewable energy in developing nations.
Full Text Chapter Download: US $37.50 Add to Cart
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Performance Metrics Analysis Tool for Solar Energy Plants
Is an agreement between two parties defining the terms and conditions for the sale and purchase of electricity over a certain period of time. The parties are often a power producer (such as a developer of renewable energy) and a power purchaser (such as a utility company or an enterprise entity).
Full Text Chapter Download: US $37.50 Add to Cart
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