START A SOLAR PROJECT
WITH NO UPFRONT COSTS
Through Union’s Power Purchase Agreement (PPA), commercial building owners can utilise solar energy without paying any upfront investment. Under a PPA, Union fully finances the PV system, takes care of installation, and maintains it for companies, charging only for the solar energy consumed by the building at a competitive electricity tariff rate for up to 20 years.
Benefits at a glance
No Upfront Cost
Under a PPA, Union finances, installs, and maintains the solar PV system. No need to worry about upfront capital costs or the annual recurring cost of maintaining the system.
Immediate Cost Savings via Low Solar Tariff
We 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 operates 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 property is protected from unpredictable wholesale energy prices. With your own system in place, you can lock in fixed electricity prices and enjoy predictable energy expenses.
How it works
The terms of a PPA can vary based on several factors. These include the solar developer, the building’s rooftop solar potential, local regulations, and more. Here are some common facts about PPAs.
1
Property owners enjoy discounted solar electricity at zero upfront costs, with a fixed rate structure or discounted rates 20% to 50% less than prevailing electricity prices.
2
PPAs are contracts that can run up to 20 years. Property owners can look forward to receiving all the advantages of solar energy for that time.
3
Solar PV assets are owned by solar developers like us. That means to own the rooftop solar asset, we cover any upfront costs and pay for any maintenance.
FAQs
Yes, the PPA aims to empower a greener and more environmentally friendly economy by providing companies with the means to tap sustainable energy resources. As the business sector consumes more energy than the residential sector, businesses must have access to renewable energy. PPAs do just that.
Entering the PPA is possible through Union. We are ready to help Singapore’s businesses by installing solar panels for free in accordance with the agreement. You may contact us today for more information about the agreement and how you would benefit from this programme.
The PPA is an initiative by the Singapore government in partnership with energy distributors throughout the island. This agreement offers the business sector access to renewable energy through the free installation of solar panels to power daily operations.
A solar lease is a programme wherein a company may lease or rent solar PVs from a distributor to provide the company with renewable energy for daily operations. The solar lease is renewable annually. On the other hand, a PPA is a long-term solution for companies aiming to convert to renewable energy resources to support their operations.
Buying your own solar panels or entering a leasing agreement is convenient only if you have the financial capacity to do so. If you would like to convert to renewable energy but find it financially difficult, you can enter a PPA for a more affordable deal.
PPAs are worth it. The agreement aims to help companies in Singapore achieve their sustainable development goals while lowering the cost of electricity for business operations. Through free solar panel installation, your business can access an energy source that is both environmentally friendly and affordable.
