PPA / FPA
PPA and FPA origination, negotiation and execution
We help energy producers navigate the complexity of Power Purchase Agreements and, in an era where flexibility is what the market pays for, of Flexibility Purchase Agreements, to maximize the value of their assets.
Who this is for
Producers and portfolios that are going to sign a long-term contract and want to know what they are giving away and what they are keeping.
- Financing depends on a contract you have not signed yet.
- You have offers on the table and no way to compare them properly.
- You have storage and the counterparty is asking for flexibility, not just energy.
- You signed a PPA and do not know what exposure you have left.
What we actually do
Finding off-takers
We identify and approach potential off-takers for your profile.
Structuring
Physical or financial, swap or floor and collar, counterparties, guarantees and bankability.
Tender and negotiation
We run the process and sit at the negotiation with you.
Offer evaluation
Qualitative and quantitative, based on realised price distributions.
Adviser coordination
We coordinate with your other advisers, from legal to curve providers.
From PPA to FPA: contracting flexibility
With storage and hybrid portfolios, what the counterparty buys is no longer only energy: it is the ability to move it in time. We structure and negotiate those agreements with the same discipline we apply to a PPA.
- Tolling and capacity contracts for BESS
- Hybrid structures combining energy and flexibility
- Floors, collars and shaped products for portfolios with storage
- Sharing of market, imbalance and availability risk between the parties
How we work
The process does not change with the border: same preparation, same tender and same analysis for an asset in Iberia as for one in any other European market.
Preparation
Kick-off, key conditions, counterparty selection and the RfQ package.
Tender
We contact bidders and get to a shortlist of three or four finalists.
Analysis and close
Offer evaluation, contract negotiation and support through lender approval.
We analyse your case before you go to market
Structure, counterparties and a realistic view of what your asset can achieve, before the first conversation with an off-taker.