Power Purchase Agreements

The power purchase agreement is used to essentially sell 20 years, let's say worth of energy to a customer fixed rate. The developer or the technology provider in our case, we take that contract and then we bring it out to the capital markets to institutional investors like private equity. And those investors get a lion's share of the electricity sales, but it's also very profitable from our perspective as well. So they'll give us $120 million after, and then we sign up, let's says $130 megawatt hour contract with the customer. We get $120 million from the investor; two years later, we start selling power.