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Knowledge Center
September 17, 2021

Need a Battery with your Solar System?

A battery along with a #solarPV system helps to access clean power in the absence of sun or during #poweroutages. Not sure if you need a #batterystorage solution?

For a business that consumes 1000 kWh (unit) per day from the #grid, there would be a need for approximately a 350kWp solar PV system and 800-900kWh battery storage to meet their entire power demand. This may not be a financially feasible solution due to the cost of battery, which can go as high as 200% of the solar PV system cost. Alternatively, businesses can combine reduced battery size with solar PV as a solution for #loadshedding, and save on peak power prices. For South African businesses, this solution becomes even more lucrative in light of the power supply related challenges.

Cosmic Clean Energy provides an optimized techno-commercial solution to meet specific power demands of businesses without any #CAPEX.

Connect with us at info@cosmiccleanenergy.com to get started on your solar solution today!

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Knowledge Center
September 17, 2021

Solar makes Good Business Sense

South Africa has the dubious distinction of having the largest #CarbonFootprint in Africa, contributing approximately 40% of the total co2 emissions in the continent
By adopting solar energy solutions, businesses can help reduce their carbon footprint, while simultaneously improving their company’s bottom line.

Why Solar?

  1. Continuous #loadshedding leading to approximately 2% loss in sales
  2. Decreasing solar deployment costs and increasing energy tariffs
  3. High ROI compared to other investment avenues
  4. Tax incentives
  5. 2-3 years of payback period
  6. Enhanced value of property & business
…and many more reasons

Caught your interest?

We can help create a plan customized to suit your requirements, with no upfront investment, and guaranteed savings. To know more, visit us at www.cosmiccleanenergy.com or write to us at info@cosmiccleanenergy.com

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Knowledge Center
September 11, 2021

What is a PPA?

What is a PPA?

A solar power purchase agreement, also referred to as an SPPA or a PPA, is an energy alternative that allows businesses to access solar power without bearing the burden of setting up, operating and maintaining the solar system on their own. It is an agreement signed between a developer like Cosmic and a client that is looking for a clean and affordable source of electricity.
PPAs transfer the responsibilities associated with project development, permits, financing, installation, maintenance and the like, to the developer. The benefits of solar – cost-effective, renewable energy – continue to be extended to the client to help them meet their sustainability goals.

Benefits of PPA

  • No upfront investment
  • Minimum techno-financial risks
  • Buyer is only committed to buy electricity produced
  • Electricity cost stability and predictability in the long term
  • Corporate focus on running their core business
  • Easy asset transfer and ownership during, and at the end of, the term of agreement

Features of PPA

Types of PPA:

On-site PPAs

This PPA involves the installation of the solar PV system within the premises on site, and the client is billed for the power that the PV system generates. This is a less expensive alternative to the aggregated electricity procured from other sources such as the local municipality or ESKOM.

Benefits:

  • The project developer installs and manages the entire system during the lifetime of the PPA at no additional cost to the client
  • It is suitable for businesses of any size
  • On-site plant ensuring good visibility
  • Minimum energy supply guaranteed
  • Reduce grid dependency

How does an On-site Grid-Tied Solar PPA work?

Off-site or Utility Scale Solar PPA

Not all businesses have sufficient physical space within their premises to deploy a solar plant; and there are some businesses which are very energy-intensive, with a high energy consumption. The Utility Scale Solar PPA/off-site PPA solution caters to both these categories of clients, helping them meet their energy requirements by sourcing electricity from solar farms located elsewhere. The mechanism by which the electricity is transferred to a distant location is referred to as ‘wheeling’.

Benefits:

  • Ideal for clients with insufficient space on their premises to set up a plant which can meet their energy requirements
  • All the benefits listed under the standard PPA

How does an Off-site Grid-Tied Solar PPA work?

Hybrid Solar PPA

This PPA involves the installation of the solar PV system within the premises along with other alternate sources of energy such as battery storage, gas etc. This Hybrid solution ensures zero interruption of power despite load shedding and helps in peak-shaving.

Benefits:

  • Uninterrupted power supply during load shedding
  • Optimized energy consumption
  • Savings on peak time power prices
  • Similar benefits as on-site PPA

How Hybrid Solar PPA works?

About Shubham Singh

Technical Lead

Shubham has over 10 years of international experience in solar power plant design & engineering. He has augmented the designs for 750+ MW of utility & commercial scale solar plants to achieve lowest LCOEs for projects including floating solar in South Africa and Asia. Proficient in using software like ETAP, PVsyst, Helioscope, DIALux, Sketchup, AUTOCAD, he utilizes his skills and experience to develop innovative designs to optimize solar power solutions at Cosmic.

With a B.Tech. in Electrical and Electronic, Shubham likes exploring new places and experiencing their culture and cuisine.

About Mansi Chugh

Design & Innovation Engineer

Mansi has over eight years of experience working in the USA, India, Canada, and New Zealand. She has enabled several blue-chip corporations to improve their bottom line and business processes through re-engineering and innovation.

At Cosmic, she evaluates new technologies, and leverages her design innovation and automation expertise to achieve the lowest LCOE, and improve the quality of solar plants and business processes.

Mansi, with Master’s degrees in Electrical Engineering and Data Science, is an avid reader.

About Gary Fortuin

Project Developer & Design Engineer

Gary has over eight years of Design Engineering experience specializing in Solar PV Systems, Overhead Line and Substation Power Plants. He has worked on more than 36MW solar projects in South Africa.

Skilled in Solar PV design software, MicroStation, CAD software, Revit, Retic Master, Relux, and Python, Gary takes care of the value engineering on Solar PV designs, project development of large ground-mounted sites, and client liaison.

With a B.E. in Electrical and Electronic, Gary enjoys football and occasionally working on DIY projects.

About Taryn Lee Vos

Legal Counsel

Taryn has over 10 years of experience in Renewable Energy, Fund Raising, Mergers and Acquisitions, Administrative Law, Real Estate, and Litigation.

She has worked on South Africa’s Renewable Energy IPP Procurement Program; large-scale international tenders; project development in emerging markets; project financing; and project-related agreements. She has supported the execution of over 1.2GW solar projects in South Africa, and internationally.

She is a practicing attorney in South Africa, a member of the Cape Law Society, and holds a B.Com. LLB.

About Tishya Swami

Co-founder and Head of Operations

Tishya comes with over 13 years of experience in Solar Energy Project Development, Power Trading, Market Research, Operations Management, and Procurement. Previously, at First Solar, she managed their global module sales and operations planning. She developed a US$ 5 million power trading business from scratch, achieved over 1 GW modules sales and generated over US$ 250 million in revenues.

She uses her exceptional skills to cultivate and maintain long-lasting business relations with our clients and suppliers globally.

Tishya holds an M.Sc. in Energy, and has a keen interest in organising and managing events.

About Tumul Dwivedi

Founder, CEO & Head of Business Development

Tumul has over 15 years of experience in developing, financing, and investing in more than 800 MW solar power projects and raising over US$ 400 million in finance for various solar IPPs across Africa and Asia.

He achieved India’s lowest solar tariff of US$ 3.8 cents/kWh in 2017, subsequently replicating the success in South Africa and the Middle East. He is committed to creating unique business models to deliver the lowest LCOE and make solar power affordable for businesses.

With an MBA in Energy and Finance, Tumul has a keen interest in international politics, and enjoys traveling.