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Council backs 20-year solar purchase agreements; staff raises 12¢ not-to-exceed cap to avoid breaches
Summary
Westerville approved 20-year power purchase agreements with Clean Energy Ventures for behind-the-meter solar projects. Staff said the ordinance was revised to allow a not-to-exceed energy price of 12¢/kWh to accommodate escalators; staff presented modeled average costs and offset assumptions.
Westerville City Council on Tuesday unanimously approved an ordinance authorizing power-purchase agreements (PPAs) with Clean Energy Ventures to build solar electric projects in the city and supply energy under 20-year contracts.
City staff explained a change to the ordinance since first reading: originally the PPA language capped energy at 8 cents per kilowatt-hour; staff asked the council to allow a higher not-to-exceed cap of 12 cents per kilowatt-hour to accommodate expected escalators over the 20-year term and avoid…
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