What is PPA Exchange?
Tenders for Renewable Energy are popular worldwide. Procurement is typically taking place by issuing one-off Requests for Proposals (RFPs). These bespoke RFPs,as well as the contracting and negotiation phases that follow, are complex and time-consuming to develop, manage, and evaluate. Additionally, bilateral Power Purchase Agreement (PPA) negotiations do not provide market participants (buyers or sellers) with price discovery. Given the pace of price decline for renewable energy and the increase in technology development traditional RFPs are imperfect tools for scaling Renewable Energy purchasing.
Power Ledger ‘s PPA Exchange Platform, offers a solution where the time to procure PPAs can be shortened considerably using technology and legally vetted PPA templates to provide an auction marketplace to expedite and simplify the procurement process.
Power Ledger’s PPA exchange platform feature is a reverse auction marketplace buying and selling PPAs.