Power Purchase Agreement
A power purchase agreement is a contract between two parties, one which generates green electricity and one which purchases electricity.
Sunsear offer Power Purchase Agreements to commercial customers.
The main benefits for clients are:
No upfront capital costs - Sunsear will install the solar system without any initial payment from the client.
Reduced energy costs - the electricity supplied to the client is provided at a discount to PEA/MEA rates.
The system ownership is transferred to the client at the end of the contract ( 10 or 20 years typically).
The installation, operation and management of the system is undertaken by Sunsear.
There are options for the client to purchase the system throughout the lifetime of the PPA.