Source: Benzinga

MEGlobal: Power purchase agreement solutions from Bullfrog Power are helping businesses meet their sustainability targets and catalyze major renewable projects

Bullfrog Power, Canada's leading green energy provider, has advised Shopify and MEGlobal Canada ULC on signing power purchase agreements that contribute to their sustainability goals and support the construction of new grid-scale wind and solar facilities. TORONTO, Nov. 3, 2022 /CNW/ - Bullfrog Power Inc. ("Bullfrog Power"), Canada's leading green energy provider, is pleased to announce the success of its power purchase agreement (PPA) solutions, an advisory service that helps organizations procure affordable, renewable electricity while supporting the development of new wind and solar projects in Canada. Shopify and MEGlobal Canada ULC were Bullfrog Power's first PPA solutions customers, both signing a successful PPA earlier this year. "Power purchase agreements are a fantastic way for organizations to procure green electricity, insulate themselves against rising energy costs, and actively contribute to Canada's green energy transition," said Suha Jethalal, President of Bullfrog Power. "These deals are complex, but Bullfrog Power's PPA solutions team has the expertise and experience to guide your organization from the initial steps to an advantageous power purchase agreement." A power purchase agreement is a long-term financial agreement between an energy buyer and an energy seller. The buyer guarantees the seller a fixed price for energy from a renewable project that hasn't been built yet. This fixed price guarantee helps the energy seller secure financing for their new wind or solar project, accelerating renewable growth. Through its power purchase agreement ...Full story available on Benzinga.com

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Ramesh Ramachandran's photo - CEO of MEGlobal

CEO

Ramesh Ramachandran

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70/100

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