SALE OF POWER AND ENERGY
The economic viability of any solar power plant is based on the value of the electricity it generates. There must be a buyer willing to pay for the power and energy at acceptable to terms to cover the cost of the plant and its ongoing operations plus an acceptable return to the investor.
Whether it is a grid operator, utility distributor, end-user of the electricity, or third-party, there must be a buyer offtaker willing to pay for the electric power and energy at the right price, tenor and other terms. Even a buyer of the power plant itself or the project rights is doing so in consideration of the electricity to be produced.
Along with securing a power plant site, securing a bankable contract with a qualified power / energy purchaser is of first importance in the development of a solar power plant.
Powerhouse has successfully initiated, negotiated and executed power purchase contracts for eighteen power plants now in operation.