Description
The City of New London is seeking solar developers to provide 5‑10 MW AC of virtual net‑metering (VNM) capacity from solar projects located within Eversource’s service territory. Selected proposers will enter into a 20‑year fixed‑price Power Purchase Agreement (PPA) (with a possible 5‑year extension) and will be responsible for all development, permitting, interconnection, and financing activities, while delivering VNM credits to up to five municipal or public‑school accounts.
• Project size per facility: 1 MW‑4 MW AC (Addendum clarifies 1‑3 MW AC per project).
• Mandatory deliverables include detailed project data sheets, site‑control documents, interconnection filings, ZREC/LREC award letters, a draft 20‑year PPA, and financial strength statements.
• The City will pay a technical/legal RFP fee of $0.10 per Watt‑DC (split between CSW Energy and Klee Sustainability Advisors) on a milestone schedule after PPA execution.
• Timeline: RFP released 22 Jun 2020, questions due 2 Jul 2020, proposal deadline 24 Jul 2020, preliminary selection 14 Aug 2020, PPA execution by 28 Aug 2020, and Eversource VNM application by 11 Sep 2020.
• The opportunity is ideal for developers with ready‑to‑build solar sites in Connecticut, experience navigating CT’s municipal VNM program, and capacity to finance and operate a 20‑year PPA.