POWER PURCHASE AGREEMENTS (PPA)
Creating a sustainable and affordable future for your business
Our power purchase agreements can support businesses seeking to lower their carbon footprint and materially reduce their energy costs. We offer your businesses a fully funded, zero capex, long term solution to reduce energy costs, whilst delivering on net zero targets. We do this by providing your organisation with dedicated green power at an affordable rate from one of our solar plants, which is built, funded, and operated by us.
Approximately 78% of global carbon emissions are from fossil fuels*, so by switching to green power your business is sending a clear message to customers and investors that you support a greener more sustainable future, with the added benefit of significant savings on your energy costs and certainty of the origin of your power.
The benefits to your business:
- Energy Security and Resilience – By having a dedicated and reliable source of power, this reduces your business’s exposure to outages, system losses and frequency variations.
- Reduced Energy Costs – Through the avoidance of regulatory and network charges, we can offer a material reduction on your current retail electricity costs.
- Price Predictability and Flexibility – We offer a variety of PPA pricing options depending on your business needs for complete flexibility.
- No Capital Investment – There is no investment required from your business as all costs to develop, build and operate are covered by us.
- Decarbonisation and Traceable Supply – Our PPA includes the Renewable Energy Guarantees of Origin certificates, to enable your business to demonstrate its commitment to decarbonisation.
*Ref: United States Environmental Protection Agency www.epa.gov
HOW IT WORKS
Our expert development business, Renewable Connections, will progress the solar plant through the planning process, up to ready to build status, and Armstrong Capital Management will manage the construction and operation of the plant. Both Renewable Connections and Armstrong bring a wealth of experience and specialist expertise in renewable energy development and operation. We can help your business financially and create a more sustainable future.
OUR EXPERTISE
Renewable Connections will be responsible for developing the project up to Ready To Build status, following which Armstrong will manage the construction and operation of the solar farm.
16 consecutively consented projects since 2021
One of the UK’s leading solar and battery developers
Dedicated support around community and stakeholder engagement
Over half a gigawatt of solar and storage projects secured
Strong delivery of projects that increase biodiversity net gain
An experienced team who have developed over 1.7GW of projects globally
NEXT STEPS
We will fund, build and operate the dedicated solar energy plant so it is delivering low cost green power directly to your organisation in as little as 12 months.
FAQ’s
What is Private Wire?
Private wire power is an arrangement where an electricity generator supplies green power from a solar plant (roof and/or ground mounted) directly to an end user for consumption via a dedicated ‘private’ wire, rather than via the licensed grid networks.
How does the arrangement work?
Both generator and end user enter into a Power Purchase Agreement (PPA) which governs the key commercial terms of the sale of the power. Typically, the PPA runs between 15-40 years, with either a fixed or wholesale tracking PPA rate, offering significant annual savings over the term of the PPA versus buying power from the grid.
Are Power Purchase Agreements (PPA’s) flexible?
Our PPA offers flexibility to the end user, allowing them to terminate the PPA during the contract through pre-agreed provisions within the PPA. We will fund, build and operate the dedicated solar energy plant so it is delivering green power directly to your organisation in as little as 12 months.
Can PPA’s extend to leaseholders?
Subject to freeholder agreement, we can also install a private wire to leaseholders to support your organisation. If the solar plant produces more energy than your property needs, it may be possible to export the surplus energy to the grid to be consumed by another of your business’s facilities.
Who is responsible for what?
Renewable Connections will be responsible for developing the project up to Ready To Build status, following which Armstrong will manage the construction and operation of the solar farm.
GET IN TOUCH
commercial@renewableconnections.co.uk
Jonathan Plumb, Commercial Director
Mobile: +44 (0)77920 711 22
Jack Payne, Business Development Manager
Mobile: +44 (0)7393 149 391
