FAQ Solar Partners
FAQ Solar Partners
Do you have any questions about becoming a Younergy solar partner? See if they match any of our most frequently asked questions below.
About the qualification process
Why partner with Younergy?
Younergy exists to help our partners sell and install more. We are a distributed utility and take pride in operating great solar projects. Our business is firstly about connecting investors and projects and secondly about making sure the end-customer sees electricity bill savings and a reduced carbon footprint. To keep growing, we need great partners and a constant flow of projects. We have developed an installers platform that allows you to price your projects and manage all your deal flow in an efficient way.
What does Younergy look for in a partner?
We look for companies that are established in the industry and can both sell and install financed solar projects. Sometimes we also work with partners that only sell and organise the installation with a third party. For us what matters is that the partner has the ability to deliver a pipeline and also the processes and knowledge to deliver high-quality installations.
What does the qualification process entail?
i) Online form submission
ii) Request and submission of additional data
iii) Remote or presential interview
iv) Preliminar qualification: we work on a pilot project
About the projects
What type of projects does Younergy look for?
The type of projects we look for depends greatly on the specific market conditions existing where the partner operates. Our focus is on selling solar electricity to commercial customers under power purchase agreements (PPAs). In general, we acquire projects from 30 kWp to 4 MWp. In self-consumption markets, we require that the power off-taker consumes at least 70% of the electricity produced by the system. Our PPAs have lengths from 10 to 25 years. Rooftops must be in good condition and able to withstand the length of the PPA contract without major maintenance or reparations. The electricity off-taker should be the owner of the building where the system will be installed.
What type of solar materials does Younergy accept?
For panels: tier-1 manufacturers as per Bloomberg New Energy Finance listing. For inverters, we accept industry widely accepted inverters that can be monitored by Younergy’s monitoring solution. Concerning the mounting system, as long it respects the local building codes, we are flexible.
Where does the money come from?
We buy projects using funds from accredited investors that have an interest in financing renewable energy projects. During the project’s lifetime, Younergy manages the ongoing operation and maintenance of the systems, bills the energy customers, and distributes proceeds to investors.
How do you calculate the PPA rate?
The PPA rate for a given project is mainly driven by the solar partner. In our pricing platform, our partners establish a price for the system and in return obtain a proposed PPA rate. That rate will depend on specific market conditions and also on the creditworthiness of the end-customer.
How about the PPA contract?
For all projects, the PPA contract is provided by Younergy. We tend to use a standard PPA contract per market with commonly accepted general terms and conditions.
About the due diligence process
What are the “pre-aproval” and “full-approval” phases?
If a project reaches the pre-approval phase, it means that the underlying project assumptions have been checked and validated by our team. At that point, a PPA contract can be offered to the end-customer with an approved PPA rate. If this contract is signed by the energy customer, this contract will come into force only when the final project due diligence is carried out successfully and the project reaches the “full approval” phase.
What’s required to reach “full-approval” phase?
The comprehensive list of information is adapted based on specific market conditions. In general, we require that the energy customer provides us with up-to-date financial statements as well as a declaration that he is not being pursued by the law for unpaid debts. We also need to attest to the local consumption by checking the electricity bills of the past two years. Technically, we require detailed engineering designs with full material specifications as well as a formal site surveying report. A construction permit, when required, must be obtained as well as a connection permit.
Who maintains Younergy’s projects?
We tend to rely on the installer of the project to keep helping us with the maintenance. Younergy pays a yearly fee that is dependent on the project size, covering preventive and corrective maintenance.
How does Younergy monitor the projects?
Our partners work with Younergy proprietary gateway for solar PV asset management and should install a metering solution specified by Younergy.
Have we clarified your doubts?
If not, reach out to us