Ferrenergy and manufacturing company enter into 1 MWp solar PPA in Lima

Ferrenergy's agreement to supply a manufacturing company in Lima with 1 MWp of solar energy under a 10-year Power Purchase Agreement (PPA) represents a notable development in Peru's renewable energy landscape. Ferrenergy will finance, operate, and maintain the rooftop solar plant, transferring ownership to the manufacturing company upon contract completion. This structure allows the manufacturing company to access renewable energy without upfront capital expenditure, while Ferrenergy secures a long-term revenue stream. The deal underscores the growing trend of businesses seeking cost-effective and sustainable energy solutions through PPAs. The deal's significance lies in its demonstration of the viability of rooftop solar PPAs for industrial consumers in Peru. While the capacity of 1 MWp is relatively modest, the agreement serves as a precedent for similar projects and could encourage wider adoption of distributed solar generation. The involvement of Ferrenergy as the developer and the manufacturing company as the offtaker highlights the increasing collaboration between energy providers and industrial consumers to achieve sustainability goals. The transfer of ownership at the end of the contract is an attractive feature for the offtaker, providing long-term energy security.