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Hybrid PPA to fund a data centre campus
Industry
Digital infrastructure and data centres
Location
Virginia, USA
Project type
Finance and Offtake
Description
A hyperscale campus needed bankable renewable power and price certainty while a new substation was built. Global Coalition ran a mandate led introduction to align a long term virtual power purchase agreement and a behind the meter interim package.
Blocker
Wholesale price volatility, REC strategy confusion and a two year interconnection delay put investor timelines at risk.
Mandate
Secure a creditworthy offtake and a hedge to stabilise cash flows and unlock project debt.
What we did
Curated two VPPA options with top tier developers and one physical PPA path post interconnection
Introduced a regulated partner for capital introductions while we remained the introducer and curator
Structured a merchant plus hedge for the interim period and aligned REC and GO strategy
Coordinated independent assurance on modelling and basis risk
Outcome
VPPA signed with an investment grade counterparty, interim hedge executed and debt term sheet advanced.
Our role was to act as an introducer and curator alongside the client and contracted providers. Delivery and legal responsibility remained with the project owner and counterparties. Details are anonymised and simplified for privacy. Fuller references are available under NDA. For any capital related elements we worked via or alongside regulated firms. We did not arrange or advise on investments.
Keywords
power purchase agreement PPA, virtual PPA VPPA, merchant plus hedge, basis risk, REC and GO strategy, project finance readiness, capital introductions via regulated partners, data centre offtake


