As a leading energy service company (ESCO) in Vietnam, we specialize in investing and implementing energy solutions to help businesses operate “greener” and more efficiently.
As one of our ESCO solutions, PPAs (Power Purchasing Agreements) help businesses earn the benefits from renewable energy systems without investment costs and use green energy conveniently and effectively.
Power purchasing agreement (PPA) is a long-term power purchase contract between two parties: 1. Power supplier (from renewable energy systems such as solar power) and 2. Clients who aim to optimize energy costs and use clean electricity.
Through the PPA contract, the project developer will perform all the work of capital investment, financial arrangement, survey, design, equipment supply, installation, operation and maintenance for the renewable energy system, providing electricity for business based on customer’s need.
Every month, the beneficiary only needs to pay the electricity bill from the system at a discounted price lower than that of EVN. At the end of the contract, the entire system is transferred to the beneficiary for a symbolic price of 1 USD. Businesses that consume a lot of electricity & businesses for production are the customers that benefit the most from this model.
ESCO model in the field of solar power is one of the most effective investment solutions economically and widely applied by businesses. Enterprises absolutely do not need to invest capital but still receive great benefits in terms of finance, architecture, and sustainable development.
With PPA contract, a solar power system with a capacity of 1MWP, installation area of 7000m2, can generate 1400MWh/year, saving the factory on average VND750,000,000 and reducing emissions equivalent to 1200 tons of CO2 annually.
I-REC certification is one of the standards being widely applied to encourage investment, use renewable energy and support the effective green transition. By obtaining an I-REC certificate, businesses can ensure that energy comes from renewable sources, contributing to reducing pollution, and protecting the environment.
PPA contracts are solutions that help customers earn I-RECs quickly and most effectively.
Business
> 5000 m2
> 500 KWp
> 200 MWh/month
20 years
Nationwide
The process of cooperation in implementing PPA contracts is quite simple, it does not take too much time to approve and appraise the project.
Through the PPA model, the customer businesses can easily access energy-saving solutions in a convenient and effective way. 365 Energy will ensure the implementation and construction of the system on schedule, ensuring safety and quality.
Depending on the business model and industry, load discharge chart of each customer will be different and the expected solar power output will determine the PPA model & proposed electricity price for each customer.
The typical operation of a manufacturing plant will consume about 80-90% of solar power due to the need for a rest period for workers.
Cold stores will have to operate 24/7 to always ensure freezing of products, so their operation will consume about 95 – 100% of solar power.
365 Energy’s PPA options focus on customer benefits and can flexibly respond to the actual conditions and requirements of each unit.
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