WASHINGTON, September 6, 2017 - A new power purchase agreement (PPA) should ease solar development in the commercial and industrial (C&I) sector. The Solar Energy Industries Association (SEIA) built upon the PPA produce by the National Renewable Energy Laboratory (NREL) to improve and streamline the model contract. C&I PPA Version 2.0 is designed to be more user friendly as it is shorter in length, easier to navigate, and simpler to finance. “By easing the negotiation and contracting processes, the revised model PPA document allows for quicker financing of solar projects and better access to low-cost capital,” said Mike Mendelsohn, SEIA’s senior director of project finance and capital markets. “We are deeply grateful to the wide variety of contributors to the document and want to especially thank the teams at Tesla, Ballard Spahr, Nixon Peabody, and Blank Rome for providing their expertise and leadership in this effort.”
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