Power Purchase Agreement (PPA) platform Zeigo is working with law firm DLA Piper on artificial intelligence (AI) contracting solutions to simplify and standardise the contractual process for PPAs and future contracts. They hope the initiative will make small-volume PPAs easier to contract, and bring more understanding to PPA models and contracting options to improve transparency.
The Zeigo platform already uses AI to connect corporate energy buyers with renewable energy generators and suppliers. DLA Piper will provide bespoke services to users of the Zeigo platform for a capped price.
Juan Pablo Cerda, Zeigo founder and chief executive, said: “We believe digitising the contractual process will be key to sign more PPAs in the future.”
Natasha Luther-Jones, gobal co-chair of energy and natural resources at DLA Piper, said: “We are very excited to support the digitisation of PPA contracting to allow a larger number of PPAs as well as enabling smaller volume PPAs to be concluded cost-effectively.”
Zeigo added over 4GW of capacity onto its platform in March 2020.It now hosts details of more than 300 projects totalling 18GW, owned by over 60 renewable energy developers. In April it raised £800,000 in seed funding to accelerate its growth.