Pakistan has recently seen a rising trend in the Solar PPA contract for its commercial and industrial sectors. PPA, is an energy-efficient solar solution contract, has reduced the commercial and industrial sector’s burden in managing and maintaining solar systems.
With such solar financing options, corporates are free from enduring renewable energy maintenance costs. Moreover, they can take advantage of building an entirely customizable panel installation under the BOOT Model (Built, Own, Operate, and Transfer).
Hence, PPA with BOOT Model is coming out as a feasible option for solar energy-seeking enterprises where capital investment was a barrier. It allows companies to obtain solar grid solutions using the Solar PPA Model with no CAPEX or OPEX.
Large Commercial and Industrial (C&Is) sectors may now develop, acquire, and receive comprehensive assistance ranging from design, procurement, construction, installation, and operations & maintenance with the help of emerging solar energy companies in Pakistan.
Without any upfront operational cost, the firms get to pay a fixed, affordable price of electricity on discounted tariff rates for long- and short-term tenure.
The Rise Of Third-Party Ownership With PPA Model
In the Solar industry, the rise of third-party ownership is the dominant model for solar installation. Adopting a PV system has become more popular with the access of feasible models such as BOOT. In the Power Purchase Agreement Model, the solar energy provider develops the solar system on the client’s property. As a result, the client gets to have a customized solar solution as per their requirements.
BOOT Model
- Built
- Own
- Operate
- Transfer
The BOOT Model comes under a power purchase agreement where the solar expert builds, operates, and maintains on the client’s behalf. As per the Power Purchase Agreement contract, produced electricity is sold to the client through this BOOT Model.
The PPA is a long-term contract, and throughout its duration, the solar energy provider is responsible for maintaining the solar system installed at the client’s property.
Advantages of Power Purchase Agreement using BOOT Model
Solar renewable energy in Pakistan is gaining great popularity in the Commercial & Industrial sectors due to its reliability and sustainability. Following are some benefits of the Solar Power Purchase Agreement, which are enabling corporates to adopt a greener option:
- Easy Transfer of ownership
Now prolong your energy saving with the option to own the system at the end of the agreement.
- No Maintenance and operations
During the tenure of the agreement, the solar energy provider holds the responsibility of maintaining and leading the operations with its – expert team.
The live online monitoring by the team controls and maintains plant’s efficiency. It reports all problems and sends the specialized teams for on-spot maintenance. The team is always in constant communication with the client and takes swift actions to prevent any issues.
- No Upfront Cost
With a Power Purchase Agreement, you pay zero financial investment and incur no operating and maintenance costs. Through this opportunity, you can utilize your energy mix at its optimum level.
- No-Risk
The solar PPA model removes any CAPEX responsibility, so it reduces cost with zero risk.
Solar Project Financing With Shams Power
Shams Power, Pakistan’s largest growing solar energy PPA provider, offers rooftop, carport, and solar structure systems without requiring any upfront costs from the client. Our solar PV system helps the clients offset the electricity bill by providing them the power at discounted tariff rates.
When it comes to Solar Financing, we continuously adopt the best proactive approach towards operating and maintaining the solar system. We always practice advanced technology in our projects and use data analytics tools and digital dashboards for control and monitoring.
Our robust support regime equips all essential SOPs and QHSE requirements. Furthermore, we ensure the execution of all safety precautions and handle all the procedures with excellence.
Companies using BOOT Model with Solar PPA
AkzoNobel Pakistan
Shams Power has supplied AkzoNobel with a customized solar system using the Build Own Operate and Transfer (BOOT) model facility under its Solar PPA Agreement. As per the agreement, AkzoNobel will produce 460 KW of DC power every year. Moreover, in terms of capital, operations, and maintenance, AkzoNobel will bear no cost.
Metro Cash and Carry Pakistan
Metro Cash and Carry Pakistan has decided to adopt sustainable solar techniques by collaborating with Shams Power. It will not only save money but also help the environment in the long run. Therefore, Metro Cash & Carry Pakistan has selected a solar-powered system for its headquarters in Thokar Niaz Beg and branches throughout Pakistan.
By using the BOOT model, this carbon-free initiative will help them save 239 tons of CO2 each year. In addition, they will get the electricity at a discounted rate and will not have to pay any O&M costs.
Packages Mall Pakistan
Packages Mall has also shifted its operations towards this low-cost renewable energy source by teaming up with Shams Power Limited. With the BOOT Model under PPA basis, they have opted to transform their business operations using more environment-friendly energy installations.
They have installed 2 MW Rooftop Solar at their premises and are benefiting from free operations and maintenance through complete energy optimization.
Shams Power: Pakistan’s leading Solar PPA Provider using BOOT Model
We aim to take Pakistan one step closer towards a sustainable green energy future. With our advanced technology and market insight, we encourage solar installations on an industrial scale.
If you are also looking for a solar energy company in Pakistan, we can help you out. Call us at (+92) 301 4246111 or email us at sales@shams-power.com for any query or information.
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