Power Purchase Agreement
Zero Cost Free Solar
Fully monitored, maintained and insured PV system installed with no capex for your business
15-30 year terms with PPA rates calculated to be lower than the cost of traditional energy offering guaranteed savings and free green credentials
The PPA can be transferred to new occupants should you move premises
What is Power Purchase Agreements
A power purchase agreement (PPA) is a contract between an electricity generator and a buyer, usually an electric utility or commercial or industrial customer. Under a PPA, the generator agrees to sell the electricity produced by a power generating facility to the buyer at a fixed price for a set period of time. The buyer, in turn, agrees to purchase all of the electricity generated by the facility during that period.
PPAs are often used to finance the construction of large-scale renewable energy projects, such as wind farms or solar power plants. The developer of the project typically uses the revenue from the PPA to secure financing for the construction and operation of the facility. Once the facility is operational, the electricity generated is sold to the buyer at a fixed price, which is typically lower than the price of electricity from the grid, providing cost savings for the buyer.
PPAs can be of two types :
- Physical PPA: The buyer agrees to purchase the physical electricity generated by the project, which is delivered to the buyer’s facility via the grid.
- Virtual PPA: The buyer agrees to purchase the environmental attributes of the power generated, but the actual electricity is sold to the grid.
PPAs are becoming increasingly popular as they provide a way for organizations to access renewable energy without having to build and maintain their own generating facilities.
Please fill in your details below and we will be in touch as soon as possible