FUND A COMMERCIAL SOLAR PROJECT
For more information regarding community-funded Power Purchase Agreements please fill out the form below.
Please note - this is an exclusive offering to commercial clients.
Power Purchase Agreements are an alternative to traditional finance models. Rather than owning, maintaining and operating a solar system, a business only purchases the power it generates. In its simplest form, a PPA is a contract to purchase energy.
The PPA defines all of the commercial terms for the sale of electricity between a business and Smart. This includes when the project will begin commercial operation, schedule for delivery of electricity, payment terms and buyout schedule. PPA terms are transparent and easy to understand.
Solar PPAs have become the procurement method of choice for tech companies i.e. Google, Facebook, Amazon, Apple who are committed to strict environmental targets but don’t have enough physical space to generate their own renewable energy.
A PPA provides all the environmental benefits of solar energy, no operational risk involved in maintaining a system and locked in energy pricing.
Through our partnership with ClearSky Solar Investments, Smart is able to provide a Solar Power Purchase Agreement that connects with local investors.
Blackwood is the country's largest distributor of industrial and safety supplies and its Canning Vale depot will have 630 solar panels installed on its roof.
"Wesfarmers is an enormous company but it is also Australia's largest private employer so there is an enormous connection with the community already," said Wesfarmers sustainability lead Patrick Heagney.
The 200-kilowatt system will supply a quarter of the business's electricity needs. Mr Heagney said it was the biggest single solar installation in the Wesfarmers group, and the first funded by community investors.
4 Pines installed a 100kW solar system through a community funded PPA. The investment was raised during a ‘Launch Event’ at the brewery where 100% of the funds were raised within a few hours.
The PV system is expected to deliver nearly 40 per cent of 4 Pines’ electricity needs, bringing the at boutique brewer in line with its parent company, AB InBev, which aims to source 100 per cent of its purchased electricity from renewable sources by 2025.
Data collected on 4 Pines energy usage patterns is also being used to improve the brewery’s energy efficiencies across the business.