What is an Energy PPA or Power Purchase Agreement?
Energy producing equipment is expensive and requires a substantial capital investment. That is one reason why utilities exist and we tend to just flip on the light switch and pay for what we use or is metered. The investors in the utility company make a return on their investment and you get light and power.
An Energy PPA brings the scale of the utility down to an onsite micro-utility. A 3rd party investor owns the micro-utility at your location and sells you the power or thermal energy for less money than you currently pay. This allows you to save on energy, get equipment upgrades, retain your capital to spend and keep focused on your business.
There are many PPA projects but the main ones include solar electric or photovoltaic, solar thermal or hot water, and cogeneration or CHP (combined heat and power). I think this market will expand to include geothermal for heating and cooling, waste heat recovery, anaerobic digester and biomass.
A PPA is a win-win solution that can reduce your carbon footprint, save you money and help bring in a new energy future for the planet.
Community Green Energy will be developing multiple PPA projects at Green Leaf Inn. They will include cogeneration, solar thermal and solar electric so the Green Leaf Inn will not have to raise the extra capital to become the first net zero energy hotel.