START A SOLAR PROJECT
WITH NO UPFRONT COSTS
Through Union Renewables' Power Purchase Agreement (PPA), commercial building owners can harness solar energy without making any upfront investment. Under the PPA, Union Renewables fully finances the PV system, manages the installation, and handles ongoing maintenance. Companies simply pay for the solar energy consumed by their building at a cheaper and competitive electricity tariff rate for up to 20 years.
You will increase the value of underutilized land by transforming it into a steady cash stable income source through this proven solar technology. This lasts 20 years of long-term cash stable returns (return on investments) through your buildings as since these buildings are now transformed into value-added assets.
You will also benefit from long performance warranties from trusted Tier 1 solar PV module suppliers, ensuring peace of mind. At the same time, you contribute to a greener, cleaner, more sustainable energy future by reducing dependence on brown fossil fuels.
Benefits at a glance
No Upfront Cost
Under a PPA, Union Renewables fully finances, installs, and maintains the solar PV system. This eliminates any upfront capital outlay or the annual recurring cost of maintaining the system.
Immediate Cost Savings via Low Solar Tariff
Union Renewables integrate the system onto your premises so you can use the green energy you produce on-site. In return, you receive the benefit of a low long-term tariff for the solar energy you consume.
Integrated Operation and Maintenance Services
Union Renewables handles and maintains the system to ensure it is in tip-top condition. We maintain the system for as long as it is up and running, and your property enjoys clean energy and savings.
No Price Fluctuations
Your commercial property is protected from the original unpredictable wholesale energy prices.
With a commercial solar-owned system in place, you definitely lock in lower, fixed electricity prices and enjoy predictable energy expenses.
How it works
The terms of a Power Purchase Agreement (PPA) can vary depending on several factors, including the solar developer, the rooftop’s solar potential, local regulations, and site-specific conditions. Below are some common features of PPAs.
1
Property owners can access solar electricity at zero upfront cost, with fixed-rate pricing or discounts ranging from 20% to 50% below prevailing electricity rates.
2
PPAs are contracts that can span up to 20 years. Property owners can look forward to receiving all the advantages of solar energy throughout the contract period.
3
Solar PV assets are owned by solar developers like us, which means we cover any upfront costs and pay for any maintenance.
FAQs
A Power Purchase Agreement (PPA) is a contract between an energy buyer, such as a company, and a solar energy provider, Union Renewables. Under this agreement, the buyer agrees to purchase electricity generated from a solar system at a fixed rate for a set period, usually 10 to 25 years. This allows companies to use clean, renewable energy without upfront costs to install solar panels, while locking in stable, often lower energy prices.
Power Purchase Agreements are good deals because they help promote a greener and more environmentally friendly economy by giving companies direct access to sustainable solar energy resources. As the business sector consumes more energy than the residential sector, businesses must have access to renewable energy, and PPAs provide exactly that.
Businesses can enter into a PPA through Union Renewables. We are ready to support Malaysian companies by installing solar panels at no upfront cost under the agreement. Contact us today to learn more about the PPA and how your business can benefit from this program.
A Solar Power Purchase Agreement is a long-term partnership between a solar provider (seller) and a consumer (buyer or “offtaker”). Under this arrangement, the solar company designs, installs, owns, maintains, and operates a solar photovoltaic system on the customer’s property, whether it is a rooftop, ground-mounted system, or carport. The customer then purchases the electricity generated at a pre-agreed rate, which is typically lower than what they would pay to utility providers such as Tenaga Nasional Berhad (TNB).
A solar lease is a program in which a company leases or rents solar PV systems from a provider to supply renewable energy for its daily operations. Solar leases are typically renewable on an annual basis. In contrast, a Power Purchase Agreement (PPA) is a long-term solution for companies looking to transition to renewable energy and support their operations sustainably.
Purchasing your own solar panels or entering a lease agreement is convenient only if you have the financial capacity to do so. If you want to switch to renewable energy but face financial constraints, a Power Purchase Agreement (PPA) offers a more affordable alternative.
PPAs are a worthwhile investment. They help companies in Malaysia achieve their sustainability goals while reducing electricity costs for business operations. With free solar panel installation, your business can access an energy source that is both environmentally friendly and cost-effective.
