A Purchase Power Agreement (PPA), or electricity power agreement, is a contract between two parties; a seller generating renewable electricity and the buyer looking to purchase it. A PPA contract is the principal agreement that defines the revenue and credit quality of a generating project. This makes it a key instrument of project finance.
Drax power station is based in North Yorkshire, England and is responsible for generating 7% of the UK’s electricity. After implementing a new Biomass Subsidy last year, Drax power station is now also producing electricity through wood pellets rather than solely through burning coal. In fact, half of the coal-fired power station is now used for sustainable biomass and Drax is aiming to become the UK’s largest single-site renewable generator.[1]
At over 160 pages, the government has released one of its most comprehensive energy and environmental publications to date. The full publication can be found at the end of this article.
When it comes to cleaning our hands, we obviously want to ensure they are as clean as possible but we should also be doing our best to help the environment in the process. However, after many years of deliberation, one big question still stands – should we be using paper towels or hand dryers?
The WELL Building StandardTM is a public benefit corporation that is leading the way towards encouraging health and wellness in communities and buildings across the globe. The International WELL Building InstituteTM (IWBI) formed back in 2013 where they worked on the WELL Building Standard that launched a year later in 2014, after six years of research and development in total. [1]