Power Purchase Agreements

SOLA has delivered well over half a gigawatt of renewable energy capacity to private buyers under PPA agreements. Our long-term PPAs (typically 20 years) allow us to achieve highly optimised tariffs, resulting in substantial savings relative to prevailing grid tariffs. Long-term PPAs are a partnership and we guarantee that all long-term buyer’s reliably and routinely receive their contracted benefits in terms of delivered energy and decarbonisation. SOLA has also pioneered the provision of medium-term PPAs (approximately 10 years) on the back of our groundbreaking multi-buyer projects. By securing multiple buyers from an individual generation asset, we can offer a range of PPA durations to best match our buyer’s requirements in terms of term and tariff. SOLA is the sole company in South Africa to successfully finance a true multi-buyer project of this nature.

In addition to our long-term PPAs, SOLA offers a unique range of short-term PPAs (approximately 2-5 years) which allow a wider range of businesses to benefit from the procurement of renewable energy. Our short-term PPAs are available via Aurora [include a link]. Short-term PPAs provide significant flexibility to energy users with dynamic load requirements. They allow for fast and simple procurement which can act as a mitigate to delays to parallel long-term procurement processes. SOLA has launched the groundbreaking Aurora platform which gives businesses across the country the opportunity to buy renewable energy from the grid. Aurora provides significant flexibility to energy users, allowing fast and simple procurement as an alternative to or in parallel with traditional long-term PPAs.

Eskom’s wheeling mechanism allows any buyers connected to the Eskom network to benefit from PPAs from SOLA’s renewable energy fleet, regardless of an individual buyer’s location. SOLA pioneered the large-scale wheeling of renewable power with the implementation of the 10MW Adams solar PV project for Amazon. Our 200MW solar wheeling facility for Tronox Mineral Sands is the second of this type to deliver power to the grid. With a significant pipeline of additional projects in or approaching construction, SOLA is ready to deliver low-cost clean power to your operations. Our wheeling solutions can couple both renewable generation and energy storage to best match the required load profile.

SOLA has delivered behind-the-meter (BTM) generation capacity on a PPA basis to buyers across South Africa, including Heineken, Ab-Inbev, and numerous others. Our behind-the-meter PPAs are well suited to energy users with access to suitable land and who wish to achieve additional objectives such as localisation benefits, and load shedding protection. SOLA Asset’s industry-leading development team handles the full project development cycle, securing all required environmental and legal approvals required for project implementation.