Existing asset

Sustainability - renewables - electricity - power purchase agreements.

In this context, an existing asset is one that has already been built, and is already generating renewable electricity.

Contrasted with a New build.

In simple terms, striking a power purchase agreement in relation to an existing asset is likely to be:

• Less expensive, because set up and installation costs may already be covered, but
• Considered less "green", because no new green capacity is added to the power network.

In this context, existing assets are sometimes known as Operational assets.

See also

• Additionality
• Asset finance
• Corporate finance
• Distribution
• Gas purchase agreement
• Green
• Infrastructure
• Integrated water and power plant
• New build
• New-to-earth asset
• Offtaker
• Plant
• Power purchase agreement
• Project finance
• Recourse
• REGO
• Sleeving
• Solar CSP
• Solar PV
• Sustainability
• Transmission
• Transmission and distribution
• Virtual PPA

External link

Introduction to Power Purchase Agreements - UK Crown Commercial Service