Power purchase agreement

{
  "id": "MLC-T-ENV-021823",
  "term": "Power purchase agreement",
  "field": "Environment",
  "term_source": "Power Purchase Agreement",
  "definition": "A type of contract that allows consumers, typically large commercial entities, to form an agreement with a specific energy generating unit. These types of contracts, typically secure a long term stream of revenue for an energy project by providing the energy offtaker a steady cost of electricity.",
  "abbreviation": "PPA",
  "subject": "Social and economic factors",
  "references": [
    "GPP Glossary; Green Power Markets Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/power-purchase-agreement/"
}