Common Contracts

Rhode Island Convention Center • Providence, Rhode Island

Power Purchase Agreements • August 15th, 2016

• Contract Type
  Power Purchase Agreements
• Filed
  August 15th, 2016

Advantages Challenges  No agency up‐front capital required for the equipment Renewable developer (or partner) may be eligible for tax incentives and/or can sell the project RECs Renewable developer provides O&M Known long term electricity price for portion of site load Minimal risk to government Eligible for on‐site double bonus toward EO 13693 and EPAct 2005 RE goals Higher priority under EO 13693 Section 3(d) Can provide energy security/resiliency if configured so that RE project operates when the grid goes down  Some states/utilities do not allow PPAs Contract term limitations Other contractual issues Transaction costs Less federal sector experience than ESPC and UESC Some funding will be required for activities such as NEPA, utility interconnection studies