overlay
Power lines against a solar farm and birds flying through the sky

Corporate Power Purchase Agreement

Harness dedicated renewable power and save energy costs for your business.

What is a Corporate PPA?

A Corporate Power Purchase Agreement (PPA) is a long-term contractual agreement between you, as a business, and a renewable energy supplier.

A sleeved Corporate PPA enables you to purchase power from one or more renewable energy assets for all or a proportion of consumption across your business.

Unlike a Private Wire PPA, the assets will not be directly connected to your sites; instead, the power will flow through the grid in the normal way, providing your business with dedicated renewable power at an agreed price.

How does a Corporate PPA work?

Corporate PPA Diagram

Generation

Energy is generated at one or more of Innova’s solar sites.

Grid

The energy generated from the solar site goes to the Grid.

Power

Your sites will access the renewable power generated from the Grid.

Purchase

Your business will pay a for the power you use, at an agreed price, for a significant term.

IMG_20190725_115829-Haigh-Hall-scaled.jpg?w=1024&h=768&scaleIMG_20190725_115829-Haigh-Hall-scaled.jpg?w=1024&h=768&scaleIMG_20190725_115829-Haigh-Hall-scaled.jpg?w=1024&h=768&scaleIMG_20190725_115829-Haigh-Hall-scaled.jpg?w=1024&h=768&scaleIMG_20190725_115829-Haigh-Hall-scaled.jpg?w=1024&h=768&scaleIMG_20190725_115829-Haigh-Hall-scaled.jpg?w=1024&h=768&scale

Corporate PPAs benefits

  • The Corporate PPA structure is set around a fixed price for a significant term (typically 10 years plus).

    This provides certainty and stability of cost to you and certainty of revenue for our investors, which allows them to invest in and help us to complete the projects.

  • All your power will still physically come from the grid, so there are not the same non-energy cost savings associated with private wire and rooftop arrangements.

    However, your exposure to wholesale market will be significantly reduced or removed completely.

  • As there are no direct connections, there is complete flexibility as to which sites are developed, how much power you commit to, and where in the country you consume the power now and in the future.

  • Unlike standard grid power, which still has a significant carbon content, the renewable power you access through your Corporate PPA will enable you to reduce your scope 2 GHG emissions.

  • Although not physically connected, we will arrange for all the power from one or more renewable generation facilities to be dedicated for your consumption for the duration of the PPA.

    The renewable power will be fully traceable to you and would be exclusively yours and guaranteed for the duration of the PPA.

  • Research shows that sustainable businesses are in demand from a range of key stakeholders – such as investors, customers, and even prospective employees.

    With a Corporate PPA, you will be able to name the site(s) and show pictures in your literature, so that these stakeholders will know that you’re purchasing your power responsibly from a known and named source.

    What's more, the fact that the renewable facility will be new and that your commitment helped to develop the asset(s) means that there’s a real impact on lowering emissions.

Think a Corporate PPA is right for your business?

If so, we’d love to chat with you about how we can work together. Contact us today and we’ll be in touch to arrange a meeting with you. 

In the meantime, be sure to take a look at our range of PPA articles and visit our FAQs page for energy buyers if you have any questions. 

Innova-Carn-Nicholas-May-2023_71-scaled

Get in touch