Grange Solar can provide its clients with Solar Power Purchase Agreements (PPA).
This is a financial arrangement where Grange Solar develops, designs, finances, installs, and operates the solar PV system on a client’s property (building or land).
The client and Grange Solar enter into lease and PPA agreements, in which the client agrees to purchase the solar electricity generated by the system at a predetermined rate over a specified period, typically 10 to 25 years.
FAQs
Who takes responsibility for the Development?
Grange solar develops and assesses the customer’s energy needs and the site suitability for the solar installation. We then design and engineer a solar PV system tailored to the customer’s requirements.
Who takes responsibility for the Financing?
Grange Solar secures financing to cover the upfront costs of developing, designing, purchasing and installing the solar PV system and associated works.
Who takes responsibility for the Installation?
Grange Solar as developer and EPC installs the solar panels and related equipment on the customer’s property. This process includes obtaining necessary permits and ensuring compliance with local regulations, planning conditions and grid connection requirements
Who takes responsibility for the Operation and Maintenance?
Once the solar system is operational, Grange Solar under a specific O&M contract are responsible for its ongoing operation and maintenance, including repairs, monitoring performance, and ensuring optimal efficiency throughout the duration of the agreement.
Who takes responsibility for the Power Purchase Agreement & Lease Contracts?
Grange Solar have an approved suite of contract documents to cover the PPA and lease agreements. These contract documents have been drafted by a leading Dublin headquartered law firm and are specific to the Irish market.
Who Receives the Benefits?
The customer benefits from lower electricity costs over the term of the agreement, often with little to no upfront investment required. Additionally, a Solar PPA offers long-term price stability and a hedge against volatile grid electricity prices.
Is there positive Environmental Impact?
Solar PPAs contribute to reducing greenhouse gas emissions and environmental footprint by harnessing renewable energy from the sun and using that energy on site. This contributes to organisations meeting their sustainability goals.
What happens at the End of Agreement?
At the end of the PPA term, the customer may have the option to purchase the solar system at fair market value, extend the agreement, or have the system removed by the developer.
