Global law firm Bryan Cave Leighton Paisner LLP (BCLP) and the online, renewable energy platform Zeigo are working together to simplify and standardize the Corporate Power Purchase Agreement (CPPA) process for renewable energy buyers.
Zeigo is an online platform that connects the supply and demand of renewable energy. The company’s mission is to accelerate the uptake of renewable energy globally, supporting corporate buyers to identify right-fit renewable energy projects and equipping decision-makers with the data, insights and practical resources to build a compelling business case.
BCLP has established itself as a leader within the CPPA market. BCLP has been involved on a long-standing basis with the significant expansion of the renewable energy industry, advising across all areas but, in particular, on the development, financing, sale and purchase of renewables assets and related commercial contracts. Most notably, this has involved working on multiple CPPA programs over the last decade for a range of corporates, including major water and electricity utilities and international manufacturers and retailers, and also for multiple generators operating wind, solar PV and other renewable energy assets.
Working collaboratively, BCLP and Zeigo are creating a set of online legal resources, including a project-specific Memorandum of Understanding (MoU), which will support corporate energy buyers through the CPPA contractual process.
Zeigo’s client base will have unlimited access to the resources via an online portal hosted on its website. Their clients also will have the opportunity to engage with BCLP for further legal support at a discounted rate.
Zeigo CEO Juan Pablo commented, “This is the result of two truly innovative and forward-thinking companies working together to solve a real problem. We are delighted to bring new solutions to the market to help corporates accelerate and simplify their journey to net zero emissions.”
BCLP Energy, Environment and Infrastructure Senior Associate Simon Buchler said, “The corporate PPA market has been crying out for streamlined contracting models and a more efficient way of connecting generators and corporates. We pride ourselves on being at the forefront of legal innovation and are thrilled to be working with Zeigo to make this a reality and to simplify the contracting process.”
Both companies will share further details on the resources in the coming months.