How Renewable Energy PPAs Work
A renewable energy PPA is a financing arrangement that allows businesses or government agencies to purchase clean electricity with no upfront capital cost. To achieve this, a “host” organization provides unused rooftop, land, or parking lot space, facility space as the location for an energy installation. MI, as the third party PPA provider, pays for the cost of the installation and assumes all responsibility for ownership, operation, and maintenance after the solar project is complete. As the host organization, you enter into an agreement to purchase the solar electricity produced by the system owned by the PPA provider at a predetermined rate per kilowatt-hour, the same unit of measurement on your standard utility bill.
Save on Electricity Every Month
A well-structured PPA allows you to reduce electricity costs immediately and realize increased savings over time as grid electricity prices rise. Once the PPA contract period expires (typically after 15 - 20 years), you can purchase the system at a reduced price, initiate another PPA, or have the energy system removed.
MI PPA Benefits
The MI PPA:
MI has developed, financed, and installed many megawatts of renewable energy systems globally using all resource including wind, solar, geothermal, CHP, biomass, and various hybrid combined technologies. Our market-tested, track record proven, process is designed to be streamlined and easy to implement. MI partners with top tier PPA financiers, technology suppliers, law firms, and collaborates with Government Trade Promotion and finance Organizations, NGO’s, International Banks, , and various equity/debt funds, as we work with you to design the best PPA to meet your organization’s energy needs.
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office: (203) 544-8303
fax: (203) 544-8302
Murphy International Development services independent power producers and developers of renewable and conventional plants including; solar, wind, Biomass, hydroelectric, geothermal, CHP, cogeneration and alternative fuels projects.
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