Specialists in Power Purchase Agreements

We specialise in the structuring of PPA’s, which outline the terms for sale and purchase of electricity, providing our clients with predictable and cost-effective energy solutions. By managing the intricate details of tenure and lease agreements, alongside robust PPA documentation, we guarantee legal and operational clarity, which ensures of successful sustainability projects.

A Power Purchase Agreement (PPA) in the solar industry is a financial arrangement where a third party developer owns, operates, and maintains a photovoltaic (PV) system on a customers property.

The customer agrees to purchase the electricity generated by the system at a predetermined rate, typically lower than the local utility rate.

The developer handles the installation, maintenance and monitoring of the system, or have it removed.

The process involves the initial assessment, technical analysis, contract signing, planning, installation, operation, and maintenance, you can see this in the process provided a step by step guidance on how a PPA works.

HOW DO POWER PURCHASE AGREEMENT’S WORK?

FAQ’s on Power Purchase Agreements

  • Imperium has access to a number of investment partners that have ringfenced for solar PV projects, they have asset managers who dictate where the funds are attributed after thorough due diligence has taken place.

  • Solar power projects are now widely recognised as assets to a property. If you have entered into a new lease agreement, there will be a provision and bank agreement to enable the new owners to continue with the tenancy of the solar PV system or buy out the remainder of the PPA adding to the value of the building. If you wish to exit the lease there are termination clauses which are set out from the beginning of the project which evidence the cost of exiting. In short, you must think about the longevity of the project before you opt into the PPA agreement.

  • In the unlikely event that the solar panels become damaged or cause damage to your property, the funder/owner is obliged to make right any damages and the site will be attended to by an in-house engineer that is locally based. All Imperium led projects are through partners that include insurances and warranties against your property to cover the unlikely event of any damages occurring during installation and the lifetime operation.

  • All buildings are different as there are variations in roof fabric, structure, pitch and orientation. These factors affect the installation costs as well as the efficiency of the array. We undertake a simple desktop evaluation to analyse initial suitability, which is then followed with a more thorough on-site feasibility and structural survey by one of our engineers. We will contact the local grid operator (DNO) on your behalf to ensure that we are able to export any energy you don’t use to the grid.

  • Most roof mounted commercial installations under 1MWh are regarded as permitted development, which do not usually need planning permission. We have in-house planning experience to address any site-specific planning issues.

  • Solar PV panels require minimum, with no permanent on-site staff required. Imperium approved partners install a remote monitoring system on each project, enabling our in-house operations and maintenance team to monitor all projects remotely, in real-time. This limites the requirements for site visits.

  • After 25 years the client owns the panels and the system which will keep producing electricity years after. In the event that the client wishes for the panels to be removed then the funder/owner will carry out that operation.