technology to manage green power purchase agreements (PPA), which
are used to purchase the power generated by a clean energy system
without the need for companies to actually buy and install the
system.
leasing and finance sector globally, said that the move was
intended to provide “environmentally fit companies” both in Europe
and abroad with the necessary technology to put in place a green
PPA.
A PPA contract is signed between an electricity generator and a
host site owner or a lessor that purchases energy for a time range
of five to 25 years.
NetSol said that PPAs, previously only an option for large
corporations and public institutions, were becoming increasingly
available to small businesses, as companies in the wind, solar and
other green energy industries were “learning that offering PPAs to
a wider range of clients is an easy way to expand their businesses
and boost their sales”.
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NetSol’s business development executive Saeed Ghauri added that
lessors were showing increasing interest in their green
software.
He said: “Leasing companies can use NetSol Financial suite to
manage the PPA and the equipment maintenance, and to calculate the
cost per use by monitoring the meter readings, because clients only
pay for the power that their system generates.”
He added that, in order to deliver the right solutions to
customers with different needs, NetSol would use its recently
developed “BestShoring methodology”, which puts together a global
network of experts on the subject, technical professionals and
research professionals to realise the design, development,
implementation and support of the software solution.
He said that this is usually done at a lower cost for clients,
because it involves a localised implementation team, as well as an
offshore team.
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By GlobalDataNetSol’s green software solution, Ghauri said, is able to
originate and maintain PPA transactions of any size, and its key
features include system, equipment and lease management.
