EEW has experience in structuring complete solar PV projects which includes everything from securing the land up to arranging a long-term electricity offtake agreement, it is EEW strategic goal to retain some of the projects it develops and operate them for their lifetime.
Once a project achieves a ready to build status and has full planning and environmental permission, grid connection contracts and secured land – it will move over to the IPP side of the business which then proceeds with the construction of the project.
It will be constructed through a turn-key EPC contract by a reputable contractor and structured for long-term operation. This will include a long-term operation & maintenance contract (typically with the same contractor as the EPC to start with), an asset management contract and where appropriate a power purchase agreement for the electricity generated by the project.
An operating solar PV plant is very straightforward compared to most other electricity generation technologies. The plant has no moving parts and requires only occasional maintenance to ensure proper performance. Once operating there are typically no staff on site and the whole site is operated and monitored remotely.
An appropriate operation & maintenance contract ensures that it is properly monitored, and any repairs / maintenance are carried out in a timely manner.
The electricity generated by the plant is then sold either via a power purchase agreement that the project signs with an offtake such as a utility or a corporate, or the electricity is sold in the open market.
EEW is currently in the development and construction phase of its first projects. These projects are expected to be operational in 2020.
EEW's long term goal is that 50% of the company’s revenues will be generated by the IPP division.