Drax Energy Solutions sleeves corporate power purchase agreement (cPPA) for data center developer in long-term deal expected to cover 30% of company’s total energy use. It is the second cPPA deal between Global Switch and Drax.
Drax Energy Solutions has signed a 10-year cPPA with Global Switch that is expected to deliver 55 GWh of solar each year from an undisclosed generator, starting Jan. 1, 2027.
The commercial and industrial (C&I) arm of Drax said the PPA would deliver “baseload power” to Global Switch equivalent to 30% of the data center developer’s total electricity use.
Under the agreement, Drax will “sleeve” power offered by the solar generator, and then sell this to Global Switch. pv magazine understands the deal is constructed on an annual matching basis with Renewable Energy Guarantees of Origin (REGOs) – the UK certificate for indicating electricity was generated from renewable sources.
What is sleeving?
