Power Purchase Agreements and the nu-tility BTM Fund 1
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 BTM Fund 1
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.
nu-tility BTM Fund 1
Dedicated capital behind every PPA.
PPAs delivered by nu-tility are funded through the nu-tility BTM Fund 1, a dedicated capital pool established to finance and hold behind the meter and grid edge energy assets across our portfolio.
The nu-tility BTM Fund 1 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.
Proven outcomes
Delivered PPA structures and the results they produced, across a range of commercial and industrial assets.
Mixed-use business
Australian Capital Territory
11 yr
Agreement term
17%
Lower energy bills
21%
Lower grid use
12,000 t
CO2e avoided
Healthcare group
Queensland
20 yr
Agreement term
9.3%
Lower energy bills
3%
Lower grid use
37,000 t
CO2e avoided
Meat processing plant
Queensland
20 yr
Agreement term
18%
Lower energy bills
29%
Lower grid use
59,000 t
CO2e avoided
Figures are from delivered PPA engagements. Client names and site details are withheld for confidentiality.
Mixed use business (11 year term)
ACT
Large health care group (20 year term)
QLD
Meat processing plant (20 year term)
QLD
Eligible projects
The nu-tility BTM Fund 1 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 nu-tility BTM Fund 1’s mandate.
Get in touch
Considering a PPA for a site or a portfolio?
Indicative term sheets typically issued within 10 business days of receiving site and consumption data.
