Русско-англо-русский юридический словарь

Hedges are financial agreements designed to smooth-out price volatility in wholesale power markets and deliver stable cash flows to a project so lenders and tax equity investors feel comfortable providing financing. [...] The hedge provider, usually a bank or commodity trading house, guarantees a minimum sales price for a negotiated quantity of produced energy. If the market price is lower than the strike price, the hedge provider pays the difference to the project. If the market price is higher, the project developer pays the difference to the hedge provider. (Windpower Monthly)