Power Purchase Agreement Solar Virginia

In virginia such solar growth was stymied because of a cap on power purchase agreements initiated in 2013 as part of a pilot program for non residential customers in dominion energy territory.

Power purchase agreement solar virginia.

A solar power purchase agreement sppa is a financial arrangement in which a third party developer owns operates and maintains the photovoltaic pv system and a host customer agrees to site the system on its property and purchases the system s electric output from the solar services provider for a predetermined period. The original intent of the norfolk solar qoz fund was to mitigate the energy burden of low income home owners. Leasing solar panels with a power purchase agreement ppa a recent development in the solar financing industry was the creation of a power purchase agreement wherein a financier finances the installation and the homeowner pays them in return over 20 years through a new kwh payment structure. Public schools and other non jurisdictional customers such as municipal buildings libraries town halls landfills jails and wastewater treatment.

Health benefits company anthem has signed a 15 year power purchase agreement with solar developer sunenergy for the output from a new 20 megawatt solar field in hanover county virginia. The hanover county solar field is expected to be fully operational later this year. An act to direct the establishment of a pilot program for third party power purchase agreements. But because of the current limitation on power purchase agreements ppas in virginia we cannot install on private homes via a ppa.

Directs the state corporation commission scc to conduct a pilot program in the territory of dominion energy virginia dev permitting third party power purchase agreements. Navisun a solar independent power producer will finance build own and operate the projects. The clean energy produced by the two new solar projects in chatham will be sold under power purchase agreements to danville utilities an electric municipal utility serving more than 42 000 customers in three virginia counties.