Orrick and Clean Energy Pipeline have launched a series of reports dedicated to exploring investment opportunities and challenges in the U.S. renewable energy sector. In this first issue, we analyze the exciting investment opportunities arising from the Department of Defense’s (DoD) major renewable energy procurement initiatives. This white paper pays particular attention to the impact that DoD power purchase agreement (PPA) contract clauses and language might have on the bankability and profitability of renewable energy projects.
Market update -
The DoD has made a huge commitment to renewable energy. By 2025, the agency intends to source 25% of its power from renewable energy projects, which is a significant amount given that the DoD’s annual energy spending totals some $20 billion, making it the largest single energy consumer worldwide.
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