Tioga Energy Places Solar PPA in Public Domain
Date: 03/08/2011
Company: Tioga Energy
Source: BusinessWire
SAN FRANCISCO–(BUSINESS WIRE)–Tioga Energy, a leading provider of renewable energy services to commercial, government and non-profit institutions, today announced that its SurePathSM Solar power purchase agreement (PPA) is now available to the public through its company website. The contract can be viewed with explanatory annotations online and downloaded in editable form by any interested party, free of charge.
“The economics of solar must be improved in order to sustain industry growth and ultimately contribute a significant portion of power to our grid,” said Paul Detering, CEO of Tioga Energy. “PPAs are a driving force behind the expansion of the commercial, institutional and industrial solar electric markets in the United States, and there are significant cost savings to be had by reducing the resources required to negotiate these contracts. Our ‘open source’ PPA is the first step in realizing those savings, providing greater transparency and helping customers to understand this document. We encourage viewers to provide feedback on how we can further improve our PPA and look forward to establishing a dialogue with the larger community.”
Tioga’s SurePathSM Solar power purchase agreement helps organizations to cost-effectively realize the benefits of clean, on-site solar power generation without the high upfront capital costs. Under the terms of the PPA, Tioga finances, builds and operates distributed solar electric projects for 15 to 20 years, selling the electricity generated to its customers at low, predictable rates.
The online PPA, which was developed in conjunction with Tioga Energy’s top-tier institutional financing partners, is also complemented by detailed annotations to explain in common terminology the complexities of the legal document