A Hedge structure is when Lightsource bp is committed for a fixed number of megawatt hours (MWhs) for every month over a 12-year time period. This structure is different from a standard unit-contingent or as generated PPA because it is a fixed shape. If the solar facility does not generate the committed number of MWhs, Lightsource bp must go out and buy electricity from the market to hit that committed value to the Energy Buyer. If the solar facility overproduces, Lightsource bp can sell those excess MWhs into the market.

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☀️ About Lightsource bp:
Lightsource bp is an international solar business. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. As a leading global solar developer, and 50:50 bp partner, we are rapidly scaling-up to help meet the rising demand for reliable electricity, while supporting the global energy transition to net zero.

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