Power purchase agreement market
Global Power Purchase Agreement Market size is expected to be worth around USD 607.3 Billion by 2033 from USD 28.1 Billion in 2023, growing at a CAGR of 35.5% during the forecast period from 2023 to 2033. The \"Power Purchase Agreement (PPA) Market\" refers to the business sector involving contracts between electricity producers and consumers. In a PPA, a power generator (such as a solar farm, wind farm, or conventional power plant) agrees to sell electricity to a buyer (which could be a utility company, corporation, government entity, or other organization) at an agreed-upon price over a specified period. PPAs typically outline the terms and conditions of the electricity sale, including pricing, quantity, duration, and other relevant details.