This provides an opportunity for onsite rooftop solar Power Purchase Agreements (PPAs) to offer an effective solution for businesses, both financially and environmentally. With the OnStream Solar PPA, customers are likely to save on their electricity costs as the onsite PPA power price is typically lower in comparison to the price paid for grid supply.
OnStream Solar will fund, install and maintain onsite solar photovoltaic (PV) systems for medium-to-large businesses. The first stage of any installation involves a remote feasibility study to assess the roof space of the customer’s premises using satellite images and specialist software. A system layout and approximate size for the system can then be designed to utilise the roof space available and determine the expected energy production. Once this has been agreed, a solar PPA will be arranged, and the installation will be scheduled.
Under the PPA, the customer will purchase all the power generated by the installed system at a fixed price (with fixed annual escalation). This eliminates exposure to volatile electricity power prices, providing businesses with greater long-term energy price certainty. The PPA also comes with no up-front costs or capital requirements from the customer, allowing the assets to be promptly deployed and the benefits immediately realised. OnStream Solar will also provide ongoing oversight, management and maintenance of the system.
OnStream Solar is a trading name used by Macquarie Energy Leasing Limited (a company registered in England & Wales with company number 08253776 and its registered address at Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD), which is part of the Macquarie Group.