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  5. ›Solar Photovoltaic Projects, Ground Leases

City of New London·Connecticut

Solar Photovoltaic Projects, Ground Leases

Closes 6/3/2019$1.5M – $4.1MRequest for Proposal
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Description

The municipalities of New London, North Stonington, and Pomfret in Connecticut are soliciting ground‑lease agreements for up to three 2 MW‑AC solar photovoltaic sites on publicly‑owned land. The selected developer will obtain a 20‑year lease, design, permit, construct, and operate the solar systems, and secure a customer for the generated electricity while the municipalities retain a right of first refusal. Financial terms include a per‑Watt‑DC RFP fee payable in three installments, non‑negotiable development‑period fees, and bidder‑proposed annual land‑tax stabilization and operating fees per MW‑AC. • Lease term: 20 years; sites limited to 2 MW‑AC each (≈2.5 MW‑DC). • Developer responsibilities: full project delivery (design, engineering, permitting, construction, operation) and off‑taker procurement. • Financial obligations: RFP fee ($0.06‑$0.07 per W‑DC), development‑period fees ($1k‑$5k), plus annual lease‑operating and tax‑stabilization payments to be proposed. • Submission deadline: June 3 2019 (electronic + three hard copies). • Evaluation focuses on fee bids, qualifications, experience with municipal solar, and ability to meet schedule.

Attached files

Contact

ctgroundlease@solar‑rfp.com

Key dates

Opened
5/17/2019
Closes
6/3/2019
Duration
20 years

Last updated

Details

Type
Request for Proposal
Industry
Renewable Energy
NAICS
541330
Solicitation №
2019-22

Budget estimate

$1,500,000 – $4,100,000

The RFP fee alone is $0.06‑$0.07 per Watt‑DC. Assuming each 2 MW‑AC site requires ~2.5 MW‑DC, the fee per site ranges from $150,000 to $175,000, totaling $450,000‑$525,000 for all three sites. Adding the bidder‑proposed annual lease‑operating and tax‑stabilization payments (typically $10,000‑$30,000 per MW‑AC per year) over a 20‑year term could add another $1.2 M‑$3.6 M in revenue. Therefore, total potential earnings for the developer are roughly $1.5 M‑$4.1 M over the life of the contracts, with upfront fee receipts of $300‑$600 k.

AI estimate from the solicitation

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