Tuesday, May 10, 2011

Penn is competing to sell solar power to PPL

Tuesday, May 10, 2011
Penn is the competition to sell solar renewable energy credits, 11 announced supervisors April PPL electric utilities Corp..

The city is expected to hear when it under the winning bidder may 18 is the utility of svorgang their plans to announce for the State requirements.

Dave scratches, Township Manager, said selection part of the PPL renewable energy network "us against the risk of market shields." "This takes the uncertainty or the risk that 20-year lease."

The city is the first municipality solar go Lancaster County. In September Penn a 64 kW solar project completed. This month, Township completed a 200 kW ground-based solar system.

The 200 kW project is funded with a 20-year lease with solar renewable energy LLC. The fixed lease payment for the system is about $ 50,000 per year.

During the energy market in Pennsylvania is subject to fluctuations, trying to block the Township in a price for the SRECS.

Over the term of the lease, the Township is expected to earn about $1,518,000 from the sale of solar renewable energy credits. Minus the cost of the lease, the city will net about $518,000.

Penn is made annually for eight and a half years at a cost of less than $200 per SRECS offer 354 SRECS. An SREC is equivalent to one megawatt of solar generated makes.

Pennsylvania is one of the eight States the SREC markets part.

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