According to analysis from Energetics, corporate power purchase agreements (PPAs) have supported the development of nearly 3.5GW of renewable projects in Australia.
Since 2016 the Australian PPA market has seen huge uptake, with businesses wanting to receive cheaper electricity and avoid upfront costs, whilst passing off risks to a third party.
In 2017, nearly 1.5GW of clean energy capacity was enabled by PPAs, moving to around 2GW in 2018.
How do they work for solar?
Corporate solar PPAs allow organisations to self-generate electricity by installing solar without any upfront cost. The PPA providers finance the installation and in exchange, the business agrees to buy electricity from them for a fixed term. They also have the added benefit of minimising risk by passing off maintenance and warranty responsibilities to providers.
Typically running from 10-25 years, PPAs can offer a much lower rate than buying electricity from energy retailers, as well as security from energy price volatility.
Todae Solar has seen a huge uptake in PPAs to finance solar systems. Customers include Primo Foods with a 3.2MW single rooftop installation and Amaroo School, with a 600kW system, both of which were the largest of their kind at the time of installation.
Todae Solar has also received several megawatts of new orders for a variety of customers, including shopping centres, healthcare providers and food wholesalers, demonstrating the utility of PPAs to a broad range of industries.
If you would like to know more about how PPAs can assist your business to self-generate electricity and reduce your bottom line, simply fill out the quote request form below and one of our senior representatives will send our PPA information document.