Renewable Energy Power Purchase Agreements

Abstract

To date, legislative initiatives have been successful in fostering renewable energy development, although financing the numerous projects in the existing climate will be a daunting challenge. As concerns about both adverse environmental effects of conventional generation sources and reliance on fossil-fuel imports continue to mount, and at the same time renewable energy technologies advance, the momentum for legislative support of renewable energy use will continue to grow. It can be expected that legislative action will take the form of both renewable energy use requirements and financial incentives for development. These requirements and incentives will continue to motivate generators and off-takers alike and will continue to be reflected in renewable energy power purchase agreements.