Watson Farley & Williams (WFW) has advised Sanza Energy, an online platform in Spain for the commercialisation of Power Purchase Agreements (PPAs), regarding legal and regulatory matters applicable to PPAs and the renewable energy sector in Spain, as well as on the drafting of the PPA model to be used as a template by Sanza Energy and its users.
Until now, PPAs have been negotiated and executed individually between different energy producers and off-takers, without common standards between them. Sanza Energy is a new entrant to the Spanish energy sector, with its newly created platform easing and democratising access to PPAs and renewable energy sources to promote a green market. Their platform both assures price stability and leverages the PPA market for all participants, since PPA Proposals can be uploaded to it and off-takers and generators will operate under the standards and performance guarantees that respected advisors, including WFW, have established.