Mafic has worked with The Warehouse Group (“TWG”) since 2020 to develop a solar procurement strategy, aiming to procure 100% renewable electricity while delivering electricity cost savings
Through this role, Mafic has helped to develop both a rooftop solar PPA solution with solarZero and a grid supply agreement with Lodestone
Key value add
Undertook a process to educate and workshop risks and benefits of solar and various PPA structures with the TWG team and Board, including undertaking detailed due diligence and market analysis
Ran a market RFP process to select solarZero as the preferred rooftop solar provider
Supported TWG with the pivot from rooftop solar to grid-based solar when the economics of rooftop solar deteriorated post COVID-19
Led the negotiation of key commercial documents for both the rooftop and grid solar programmes. Positions achieved were a material advancement on typical NZ positions and, as a result, Mafic has a deep understanding of the key PPA focus areas for corporate offtakersT
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