FMPA - Homestead Solar Project Participation Amendments III

The City of Homestead is seeking to amend its existing agreements with the Florida Municipal Power Agency (FMPA) to obtain 15 MWs of solar power. The project involves the development of renewable energy resources and the provision of clean, reliable, and affordable energy solutions. The contract includes the execution of two amendments and a new Power Exchange agreement. The pricing for the solar contracts is significantly less than the current average MW/hr pricing for other purchased power agreements. Key points about the contract include: • The City of Homestead is a member of the FMPA and has entered into two Solar Participation Contracts. • The contracts involve the development of solar sites, including the Rice Creek Site, Whistling Duck Site, and Leyland Site. • The City of Homestead will receive 15 MWs of solar power from the FMPA Solar Participation Agreements. • The pricing for the solar contracts is significantly less than the current average MW/hr pricing for other purchased power agreements.