Ed Zaelke Quoted in Project Finance International Article on Power Purchase Agreements
Ed Zaelke, co-head of Akin Gump’s global project finance practice, spoke with Project Finance International about the use of power purchase agreements (PPAs) in the financing of renewable energy projects.
The article notes that PPAs are in short supply in the United States, which has led to each new project being evaluated individually for financing potential by banks, rather than by using a traditional PPA-backed formula. With this in mind, Zaelke points out there are five ways to sell power from a project. The article then proceeds to lay out the different scenarios in which this can be done.