Power Purchase Agreement (PPA)
Power Purchase Agreements (PPAs) are popular, long-term agreements between two parties, a generator of electricity and a purchaser. PPA’s usually last 20-40 years and provide benefits to both parties throughout the agreement.
If your business has high electricity requirements, you may be eligible for a PPA. Through this agreement, we would install renewable technology free of charge and would guarantee cheaper rates of electricity throughout the whole agreement. This installation also covers all maintenance costs so there are no upfront fees or hidden costs to you.
The technology can be installed either on available roof space or land surrounding your property. With the installation onsite, you will be gifted with the renewable technology at the end of the agreement. In some cases, we can install a system off site if the space isn’t readily available. If this technology is set up off site, we will arrange to have it installed at a convenient location close to your business. As this is not installed directly on your property, there is minimal disruption and no downtime, so you can continue business as usual.
PPA’s set out requirements, depending on factors such as price limits, contract lengths, technologies installed and size, so it can benefit both parties for the full length of the agreement. Terms are set out and agreed on beforehand, and savings start immediately after the installation is complete.