Financing energy projects that have entered into PPAs with CCAs presents unique challenges for lenders and investors.

Key Points:

..In recent years, CCAs have begun supplying energy to a growing number of consumers in California.

..CCAs are entering into long-term PPAs with project developers to procure electricity.

..Lenders and other financial backers of energy projects with CCA PPAs will need to understand and address certain risks relating to CCA offtakers.