News & Resources
Virtual PPAs and Sleeved PPA Transactions: a Primer
November 16, 2023 – In recent months, Centennial's corporate and industrial customers have increasingly asked for Sleeved PPAs and, in some cases, Virtual PPAs.
Sleeved PPAs often involve a direct Power Purchase Agreement (PPA) between the corporate offtaker and the solar project company. The offtaker usually enters into associated arrangements, which are either managed by the offtaker itself or via a utility or other load-serving entity, to enable the output purchased to be used for the benefit of the offtaker's off-site facility load.
Virtual PPA Structure