Title: Solar Power Purchase Agreement and Request for Proposal

Languages: English

Type: Document

Published: January 1, 2011

Region: North America

Country: Global / Non-Specific, United States

Sectors: Energy and Power

Topics: Climate-Smart

Keywords: Contractual Provisions, Solar power, Climate Smart, Energy and Power, Energy and Power Core


Document Summary:

This section provides sample solar power purchase agreement and request for proposal.

Document Details:

RFP for a project whereby the Virgin Islands Water and Power Authority is seeking a maximum of 10 megawatts (MW) of electrical capacity, allocating approximately 5 MW to each of its two generation facilities serving the districts of St. Thomas-St. John and St. Croix. The selected respondents will be responsible for constructing, operating, and maintaining all facets of the project.

Utility to sign a 20-year power purchase agreement (PPA) for the procurement of solar energy from one or more selected respondents, with an option to renew for another 5 years. The Authority seeks photovoltaic generation to assist in lowering the cost of power production in the territory. Most favorable consideration will be given to proposals that demonstrate a number of important characteristics, including cost effective product pricing, experience, strength of plans for development, construction, operation, and maintenance of facilities utilizing commercially proven technology, and the financial strength of the respondent. The Authority will purchase 100% of output, subject to limited exceptions. Product price includes price for energy and other products delivered, including ancillary services, capacity attributes and environmental credits. Product price may be fixed for the term of the PPA or may vary with a fixed price escalator. Supplemental alternative pricing proposals are permitted. Construction and performance security for projects with an expected capacity of 1000 kW or greater. Under the PPA, projects are required to be commercially operational 18 months after approval by the Authority.

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Updated: October 6, 2021