DLA Piper advises Big Four accountancy firm on synthetic corporate PPA

DLA Piper has advised a Big Four accountancy firm on their first synthetic Power Purchase Agreements (PPA), with LightsourceBP as the developer. This is milestone in the cPPA world as it marks the first professional services corporate PPA to be signed outside of the US, demonstrating the development in the use of cPPAs by a more diverse group of businesses.

The DLA Piper Energy and Natural Resources team was led by Global Co-Chair of Energy and Natural Resources Natasha Luther Jones, partner Andreas Gunst, senior associate Jennifer Keogh and associate Adiya Gokarn.

Natasha commented: “We’ve been advising on cPPAs for a number of years and it was great to be advise the first professional services firm, outside the US, on their own agreement. Professional services firms signing cPPAs is a clear sign of the cPPA market developing. We’re seeing more and more businesses use this route as part of their overall sustainability strategy, to support the reduction in their carbon footprint, a trend that is only going to increase over the coming years.”