A 15-year power purchase agreement (PPA) has been signed by the Washington D.C. Public Service Commission for renewable energy to serve a target quantity of 5% of the standard offer service (SOS) electricity supply load beginning in December 2024. The agreement is the result of a pilot program to procure renewable energy through long-term PPAs for electricity generation sourced by solar and wind located in the PJM interconnection region.
The agreement, signed with developer Invenergy, covers the sale of energy, renewable energy credits, and capacity for a 15 year term. The PPA features levelized pricing for approximately 154,000 MWh of electricity per year, representing 73 MW, or 29% of Invenergy’s solar project capacity.
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Source: PV Magazine
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