New onsite solar PV funding model

An alternative to traditional solar funding has been launched this week aimed at industrial businesses.

Designed to support organisations with >200kW energy consumption (equivalent to £500,000 of electricity per annum) this model has been developed by on-site power specialists EuroSite Power.

The Solar On-Site Utility (OSU) model is structured to deliver long-term commercial benefits and future-proof energy costs for up to 20 years by ‘locking-in’ savings through an innovative tracker PPA, ensuring profitability and cost effectiveness long term. The Solar OSU model reduces risk of inflation, eradicating the traditional PPA inflation trap and eliminates the need for upfront capital – which makes the transition to renewable energy financially accessible without impacting on credit.

Matt Brindle, Sales Director believes EuroSite Power’s Solar OSU model offers the market a powerful alternative to Capex & traditional PPAs. He said:

Our solar On-Site Utility (OSU) model delivers clear advantages over traditional routes to fund solar PV. The long-term savings are not only assured, but increase year on year which cannot be said of a traditional PPA, where savings narrow as the compounding effects of inflation pinch in later years. From the end user’s perspective, it is ‘off-balance sheet’, and hassle-free – our model delivers immediate cost savings and environmental benefits – and is cheaper than conventional finance models over the contract term.

We launched Solar OSU to support industrial businesses with 7 days a week operation, 1000m2 of roof space, and energy consumption of >200kW, (equivalent to £500,000 of electricity) per annum. We believe we can really help these companies to make significant cost savings and progress towards their net zero and ESG ambitions.

Companies wishing to find out if EuroSite Power’s On-Site Utility (OSU) model is right for their business are encouraged to book an initial feasibility audit.

For more information: eurositepower.co.uk/solar-osu/

To find out about the latest solar innovation, visit InstallerSHOW, which runs 25-27 June at the NEC. Free tickets: installer-2024-splash.reg.buzz