Power Purchase Agreements and the nu-tility fund

Funded energy infrastructure, supplied at a contracted rate.

Power Purchase Agreements structured, funded, and operated by nu-tility. Off-balance-sheet generation for commercial, industrial, and institutional clients, backed by the nu-tility fund.

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What a structured PPA delivers

A Power Purchase Agreement lets you take the commercial benefit of behind-the-meter generation without the capital outlay. We finance, install, own, and operate the asset for an agreed term, and supply electricity to your sites at a contracted rate that is lower than your grid alternative. The structure is designed to optimise four outcomes for the client.

Long-term energy savings

A contracted electricity rate that is set below your grid alternative for the life of the agreement.

Balance sheet efficiency

The asset sits on our balance sheet, not yours, with electricity supply treated as operating expenditure.

Risk allocation

Performance, maintenance, and technology risk sit with us. You take the energy.

Asset ownership pathway

Optional buyout points through the term, including end-of-term residual transfer arrangements where appropriate.

The nu-tility fund

Dedicated capital behind every PPA.

PPAs delivered by nu-tility are funded through the nu-tility fund, a dedicated capital pool established to finance and hold behind-the-meter and grid-edge energy assets across our portfolio.

The fund was established to solve a specific problem. Quality C&I generation projects are routinely underwritten by clients who would prefer to take electricity as a service, not capital expenditure. By holding dedicated capital against this pipeline, we can move on opportunities at the speed the underlying business cases demand, and offer terms that reflect long-term asset economics rather than short-term funding cost.

Dedicated capital

Committed capital available to underwrite eligible projects, not a third-party financing relationship arranged transaction by transaction.

Long-term horizon

Asset hold periods aligned to the underlying PPA terms, with no forced exit pressure.

Aligned counterparty

The same entity that funds the asset is the entity that designs, installs, operates, and manages it, which removes the alignment friction that plagues third-party PPA structures.

Institutional discipline

Investment decisions are governed by formal credit and technical underwriting processes, with structured oversight on every transaction.

Authorised under our 2017 Australian Energy Regulator Retail Exemption. 

How a PPA engagement works

Our PPA engagements follow a defined pathway, designed to give clients certainty at every stage.

Step 1

Site and consumption review

We model your sites against tariff, consumption profile, and roof or land suitability.

Step 2

Indicative term sheet

A non-binding term sheet that sets out indicative PPA rate, term length, asset configuration, and key conditions.

Step 3

Detailed feasibility and design

Full engineering, financial modelling, and confirmation of the underwriting case.

Step 4

Binding PPA execution

Execution of the binding PPA, supply agreement, and associated site access documentation.

Step 5

Construction and commissioning

Funded, built, and commissioned by nu-tility, with no capital call on the client.

Step 6

Operation, supply, and reporting

Ongoing electricity supply at the contracted rate, with full performance reporting through the life of the agreement.

Eligible projects

The fund is actively underwriting opportunities across the following profile.

Eligible projects

  • Behind-the-meter solar PV systems from 100kW through to multi-MW
  • Battery energy storage systems, standalone or paired with solar
  • Single-site and portfolio engagements
  • Term lengths typically 7 to 15 years
  • Australian commercial, industrial, healthcare, education, and institutional clients

Portfolio engagements, REIT-tenanted assets, and projects with structured covenants are particularly well suited to the fund’s mandate.

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Considering a PPA for a site or a portfolio?

Indicative term sheets typically issued within 10 business days of receiving site and consumption data.

Request a term sheet →