Tags: Solar Power Generation Solar Pv

3 FAQs about Solar power generation system group purchasing platform

Why is solar procurement important?

Solar procurement has an increasingly critical role to play in terms of increasing supply chain resiliency, accessing supplier innovation, and delivering enterprise-wide cost reductions.

What is an on-site power supply contract (PPA)?

PPAs are either on-site or off-site, physical or virtual (or financial). An on-site PPAs is a power supply contract where the renewable asset is located on a customer's site and the developer invests into the asset offering the customer a competitive price for surplus power going back into the grid.

What is a power supply agreement (PPA)?

A PPA defines the conditions of the agreement, such as the amount of electricity to be supplied, negotiated prices, accounting, and penalties for non-compliance. Since it is a bilateral agreement, a PPA can take many forms and is usually tailored to specific requirements. Power can be supplied physically or on a balancing sheet.

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