In this comprehensive guide, we'll explore the essential steps from vendor selection to contract negotiation, ensuring a seamless transition to sustainable power.
Do solar projects need an EPC contract?
In our experience, most utility-scale solar projects use an EPC Contract. An operation and maintenance agreement: This is usually a medium- to long-term Operating and Maintenance Agreement (O&M Agreement) with an Operator. The term of the O&M Agreement will vary from project to project.
What is a power purchase agreement (PPA)?
Power Purchase Agreements (PPAs) have become essential tools in the ever-changing energy procurement landscape for companies looking to ensure a reliable and affordable energy supply. Enterprises must have a basic understanding of PPAs to make well-informed decisions regarding their energy procurement strategies.
What are the different types of power purchase agreements?
1. On-Site Power Purchase Agreement: 2. Off-Site Power Purchase Agreement: 3. Virtual Power Purchase Agreement – VPPA (also Synthetic PPAs): 4. Sleeved PPA: 5. Physical Delivery Power Purchase Agreement: 6. Portfolio Power Purchase Agreement: 7. Block Delivery Power Purchase Agreements: 8. Green Tariffs:
Off-Site Power Purchase Agreement: Off-site PPAs enable businesses to access renewable energy from external projects located off their premises. These projects can include large-scale solar or wind farms developed by renewable energy companies or utility providers.
Will EPC contracts provide for the handover of a solar facility?
EPC Contracts will not provide for the handover of the solar facility to the Project Company, and the PPA will not become effective until all commissioning and reliability trialling has been successfully completed.
How does Solarpower Europe work on Corporate sourcing?
SolarPower Europe's work on corporate sourcing is coordinated through RE-Source, the European platform for corporate renewable energy sourcing. The RE-Source Platform was founded in Brussels in June 2017 as an alliance of stakeholders representing clean energy buyers and suppliers.