Infrastructure and Projects Authority and New build: Difference between pages

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imported>Doug Williamson
(Create page. Source: CCS https://assets.crowncommercial.gov.uk/wp-content/uploads/Power-Purchase-Agreements-PPA-An-Introduction-to-PPAs.pdf)
 
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''UK government''.
''Sustainability - renewables - electricity - power purchase agreements.''


(IPA).
In this context, a new build asset is an asset for green electricity generation that has not yet been built.


The IPA supports the successful delivery of all types of infrastructure and major projects in the UK: ranging from railways, schools, hospitals and housing, to defence, IT and major transformation programmes.
Contrasted with an Existing asset.


The IPA works with government and industry to ensure infrastructure and major projects are delivered efficiently and effectively, and to improve performance over time.


It was formed on 1 January 2016 from the merger of Infrastructure UK (IUK) and the Major Projects Authority (MPA).
In simple terms, striking a power purchase agreement (PPA) in relation to a New build asset is likely to:
*Be more expensive, because set up and installation costs will not yet have been covered, but
*Considered more "green", because new green capacity is added to the power network.
*Be longer term than an existing asset PPA, and
*Provide greater scope for a buyer to secure prices for a correspondingly longer time period.


The IPA reports to both the Cabinet Office and HM Treasury.
 
In this context, new build assets are sometimes known as New to earth assets.




== See also ==
== See also ==
* [[Cabinet Office]]
* [[Additionality]]
* [[HM Treasury]]
* [[Asset finance]]
* [[PFI]]
* [[Corporate finance]]
* [[Private Finance 2]]
* [[Distribution]]
* [[Project management]]
* [[Gas purchase agreement]]
* [[Transformation]]
* [[Green]]
* [[Infrastructure]]
* [[Integrated water and power plant]]
* [[New build]]
* [[New-to-earth asset]]
* [[Offtaker]]
* [[Plant]]
* [[Power purchase agreement]]
* [[Project finance]]
* [[Recourse]]
* [[REGO]]
* [[Renewables]]
* [[Sleeving]]
* [[Solar CSP]]
* [[Solar PV]]
* [[Sustainability]]
* [[Transmission]]
* [[Transmission and Distribution]]
* [[Virtual PPA]]
 
 
==External link==
[https://assets.crowncommercial.gov.uk/wp-content/uploads/Power-Purchase-Agreements-PPA-An-Introduction-to-PPAs.pdf Introduction to Power Purchase Agreements - UK Crown Commercial Service]


[[Category:Knowledge_and_information_management]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]

Revision as of 02:04, 15 June 2021

Sustainability - renewables - electricity - power purchase agreements.

In this context, a new build asset is an asset for green electricity generation that has not yet been built.

Contrasted with an Existing asset.


In simple terms, striking a power purchase agreement (PPA) in relation to a New build asset is likely to:

  • Be more expensive, because set up and installation costs will not yet have been covered, but
  • Considered more "green", because new green capacity is added to the power network.
  • Be longer term than an existing asset PPA, and
  • Provide greater scope for a buyer to secure prices for a correspondingly longer time period.


In this context, new build assets are sometimes known as New to earth assets.


See also


External link

Introduction to Power Purchase Agreements - UK Crown Commercial Service

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