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[Music] a corporate power purchase agreement or corporate ppa is a long-term agreement between a renewable energy producer and a consumer a consumer either purchases renewable energy directly from a producer or purchases the environmental certificates relating to the power generated there are a number of different corporate ppa models physical ppas where an energy producer sells electricity to a consumer through the electrical grid for a price which is usually fixed for the duration of the ppa virtual ppas our financial agreements where no electricity is sold the environmental certificates relating to the energy generated are sold to the consumer for a fixed price enabling them to avoid the volatility of the power market if the producer sells to the market for less than the fixed price the consumer will make a payment to top it up if the producer sells to the market for more than the fixed price they will pay the surplus to the consumer private wire ppas are where the generating facili