Saying it will “benefit both the economy and environment,” the Solar Energy Industries Association (SEIA) has announced its strong support for legislation introduced by Sen. Mazie Hirono (D-Hawaii), allowing the General Services Administration (GSA) to enter into 30-year renewable energy power purchase agreements (PPA). The GSA is an independent agency which manages and supports the basic functioning of the federal government, including procurement. Under current law, only the U.S. military can enter into power purchase agreements for longer than 10 years.
Power Purchasing Agreements (PPA)
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From NREL's press release:
In a setback to the regulated utility model, the Iowa Supreme Court has ruled that a power purchase agreement (PPA) between the city of Dubuque and Eagle Point Solar does not violate state law. Regulated utility companies had fought the arrangement, claiming to have exclusive rights to sell to customers in their service areas. Today, Iowa’s high court disagreed.
WASHINGTON, D.C. – Reacting to today’s presidential memorandum requiring the federal government to get 20 percent of its electricity from renewable sources by 2020, SEIA President and CEO Rhone Resch released the following statement:
Join SEIA and its partners to learn more about customer-solar developer power purchase agreements (PPAs). Our webinar will focus on the nuts and bolts of PPAs,including tax and finance structures. We will also review some of the underlying policies that support PPAs and the barriers - particularly in the Southeast. This free webinar is open to the public and members of SEIA.
A solar power purchase agreement (PPA) is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost.
SEIA’s Finance and Tax Seminar is the preeminent solar industry conference dedicated exclusively to finance and tax issues facing the solar industry today. Attendees will learn from attorneys, developers, and financiers who are currently doing deals. Dedicated networking sessions allow professionals to make valuable new contacts and strengthen relationships. Thought leaders will put the latest industry trends in context and provide unique perspectives to help you stay ahead of the curve.