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Since the Covid-19 pandemic upended the economic landscape several years ago, industry leaders continue to struggle with operational expenditures. Specifically, one of the top three positions for business expenses is allotted to energy use.
A Power Purchase Agreement (PPA) then serves as a solution to address such issues. After all, solar energy contributes significantly to cost savings for many companies.
While conventional solar energy financing options were direct purchasing, PPA (sometimes known as Solar Leasing) is now at the fore of zero CAPEX solar solutions. This solution allows businesses to buy energy at lower rates from a trusted solar PPA partner to complement the base supply from a power distribution company.
Organisations looking to ease up cash flow and preserve their competitive edge in the market should consider this option. Explore and learn more about PPAs in this article, including the best practices for choosing the right provider.