PPAs give organisations the opportunity to secure a long-term price for renewable energy across a number of structures, usually at less cost than buying directly from the grid. This provides security against potential rises in energy prices in the long run (estimated by the government to increase by 40-50% by 2030) – while helping you save the planet from climate change.
What is PPA?
A Solar PPA or Power Purchase Agreement is a long-term contract between; An investor who pays for the installation and maintenance of a solar PV system to supply a site with solar electricity and the site owner who agrees to purchase electricity generated by the solar PV system.
The purchase price of solar electricity is intended to be set at a discount to your grid cost of electricity. The system will be a roof-top or ground-mounted system installed on site. The contract term will be 20 years.
How our PPA works:
We are delighted to be able to offer a fully funded Solar PV system under a Power Purchase Agreement (PPA). A PPA is a unique solution that allows your business to replace a portion of your current grid electricity consumption with zero-carbon electricity from the solar panels. Included within this agreement, we supply and install the equipment at your business premises. Our solution is designed to reduce your electricity costs and carbon footprint from day one, with no up-front cost to you.
Under our unique funding mechanism, you will purchase the power generated by the installed system from us at a fixed £/kWh price*. This is intended to be cheaper than purchasing directly from the grid, and you will only pay for the electricity the system produces; excess power not consumed will be exported to the grid. Invoicing and payments will take place monthly.
to FIND OUT MORE, VISIT THE SOLAR PPA PAGE ON THIS WEBSITE
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