Financing for both projects was facilitated by power purchase agreements. For the Arkansas project, the agreement is with Conway Corp. and for the Louisiana project the agreement is with McDonald’s and eBay.
The solar facilities will be built by D.E. Shaw Renewable Investments under power purchase or build transfer agreements.
The project has power purchase agreements in place with CORE Electric Cooperative and Holy Cross Energy.
Primergy will operate the facility, which will sell its power to Holy Cross Energy under a 25-year power purchase agreement.
The two main methods for getting rooftop residential solar installed are leasing or purchasing. pv magazine looks at the pros and cons of both.
Construction work on the Eiffel Solar project is expected to start in 2022.
Also on the rise: PPA signed for output from 127 MW Pennsylvania solar facility, and here is a look at the world’s largest solar power stations.
Also on the rise: FirstSolar investment targets social equity gaps, BlackRock gains backers for a clean energy finance vehicle, Hull Street acquires developer Foundation Solar, and Koch Strategic Platforms invests in an energy storage tech firm.
Here are three basic models most businesses should weigh as they consider how they can best adopt solar energy.
The record low price was offered for the 600 MW Al Shuaiba PV IP project, which competed in the second round of the country’s procurement scheme for renewable energy.
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