Green Peak Energy’s partnership with Fagg’s Mitre 10
The owner of Fagg’s Mitre 10 in Geelong recognized the significance of reducing lighting and air conditioning expenses.
With its 10,000 square meter facility and ample roof space, solar power emerged as an evident solution. Our Power Purchase Agreement (PPA) presented itself as a virtually risk-free for the business, eliminating the complexities associated with direct investment in solar panels.
Our comprehensive solution for Fagg’s Mitre 10
Communication made easy
GPE facilitated communication between the involved parties, ensuring a seamless process from start to finish
Lower rate per kW
Mitre 10 is now paying half of what we previously paid to their energy provider, and this rate is secured for the next 10 years
No impact on the business
The installation was completed within four weeks, primarily on the roof with minimal disruption to business operations
Key highlights from this project
Our PPA translated into zero upfront capital costs for Mitre 10, with Green Peak Energy responsible for owning, storing, operating, and maintaining the system.
Signed up PPA for
30 years
securing the favorable energy rates
99.9 kW
installation
138,609 kWh
estimated generation in the first year
Mitre 10 paid
$0
for this installation
On top of that:
Our unique PPA ensures that our Mitre 10 does not need to worry about:
Insurance
This is covered by GPE
Installation
This is covered by GPE
Maintenance
This is covered by GPE
Hear what Mitre 10 had to say about this project
“There are three main reasons why we went with this PPA (...): first, there is no upfront capital cost for the business. Secondly, GPE owns, stores, operates, and maintains the system so it’s virtually risk-free for our business. Thirdly, the rate per kWh is about half of what we’re paying for.”
Barry Fagg
Owner, Fagg’s Mitre 10, Australia
