August 12, 2022

POINT TRIAL

PORTAL GENERAL BLOG

Things to consider before making a PPA 

3 min read

Every company needs to adapt to the world around it sometimes. There may come a time when your business looks at the world a little differently and comes to the ultimate realisation that sustainability is going to be one of the most important factors of any fruitful future business.

With the world slowly but surely coming to terms with just how vital a dedication to reducing our carbon footprint truly is, more companies than ever are searching for ways to make the next few decades successful and sustainable.

But there are still plenty of things to consider before making a gameplan and several avenues for you to consider exploring. Power Purchase Agreements have gained some popularity over the years, and if you’re looking to make that change to renewable energy sources, be sure that you’ve considered the following things beforehand.

Do your research before making a decision  

Knowledge is essential before making that ultimate choice. Give yourself a strong and comprehensive understanding of what the next few years will look like should you decide to make a Power Purchase Agreement. Try reading up on things a little more, or look into booking one of these renewable energy courses.

The future cannot be avoided, so put effort into making sure you’re prepared with the right energy-conscious methods to help your business thrive in any potential situation. A little education now makes all the difference for the next few decades. 

Do you need an on-site or off-site Power Purchase Agreement?

Once you’ve got a better idea of what PPAs are, you can begin to narrow down which kind of Power Purchase Agreement works best for you. For example, an on-site Power Purchase Agreement places the renewable energy asset directly onto your site. The energy provider even installs the equipment for the client. 

But off-site Power Purchase Agreements aren’t located on the client premises. Instead, renewable energy is obtained from somewhere that’s outside of your main site.

How long do you want to have this PPA? 

Sustainability should really be a long-term and permanent goal for all companies who want to stay in business. But the length of your PPA can vary depending on what works best for you and your business needs.

If you’re cautious or unsure about what benefits a Power Purchase Agreement can offer, then there are contracts aimed at around 5 years long. But the majority of large global companies have dedicated thoroughly to renewable energy by signing 10-20 year PPA contracts with various providers.

How does a Power Purchase Agreement work in your future plans?

Whether you’re redefining what your business future is going to be, re-branding what your brand is going to look like, or implementing eco-friendly practices alongside your global business plans, you’re always going to need the power to fuel those aims.

Be sure to consider what truly matters most to your company while keeping a watchful eye on where the future of all businesses is headed when it comes to the environment. Do that, and you’ll always make the best decisions possible for your business and the planet.

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