Wall Street Journal Pro Sustainable Business

Renewable-Energy Broker LevelTen Gets Google, Oil-Sector Backing

Renewable-Energy Broker LevelTen Gets Google, Oil-Sector Backing

Company says deals valued at more than $5 billion have cleared on its platform

  • agosto 25, 2021
  • Tempo di lettura min.

Wall Street Journal Pro Sustainable Business

Renewable-Energy Broker LevelTen Gets Google, Oil-Sector Backing

Power-purchase agreements are long-term contracts to buy electricity from a project developer.

"PPAs are an essential component and underpin almost all renewables development in the country," said Aaron Derman, head of the Americas utilities and renewables practice at consulting firm Bain & Co. "Broadly speaking, we believe barriers that have prevented penetration of renewables have been and will continue to come down rapidly over the coming years."

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