News & Resources
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Holcim Capitalizes on Solar Power for District of Columbia Ready Mixed Plant
November 14, 2023 – New solar panels at the Holcim US Fort Totten ready mixed plant will ease the Washington, D.C. industrial power load and advance the Chicago-based producer’s goal of running all concrete, cement and aggregate sites with renewable energy by 2030.
Virtual PPAs and Sleeved PPA Transactions: a Primer
November 10, 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
Whereas, Virtual PPAs are a financial derivative under which the parties agree a strike price, with payment flows being determined by comparing that strike price against a market reference price. They do not involve the physical delivery of output to the buyer or a utility agent of the buyer.
Centennial Inaugurates Solar Project at the Holcim Ready Mix Concrete Plant in Washington, DC
September 14, 2023 – Earlier this month, Holcim - a Fortune 500 company and global leader in cement and aggregate production - inaugurated a solar project at its Fort Totten ready mix concrete plant in northeast Washington, DC.
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