In October, the solar-tower developers signed a power purchase agreement for the first La Paz facility.
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In practical terms, a power purchase agreement differs little from a lease, according to Jonathan Bass, a SolarCity spokesman.
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Its customers sign a lease or power purchase agreement and pay a monthly fee for the solar electricity from their rooftop systems.
SolarCity helped to pioneer the solar leasing and power purchase agreement model.
C. will get photovoltaic panels free in exchange for signing a 20-year-power purchase agreement that locks in their electricity costs at a price about 10% below current rates.
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This morning, Western Wind added to that progress, with the announcement that they had secured rights to a Power Purchase agreement for their Puerto Rican Yabucoa solar project.
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In this case, Walmart will buy the electricity it generates under a 15-year power purchase agreement with Foundation Windpower, a Silicon Valley company that installs large turbines for businesses.
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In a statement to the Australian Stock Exchange Tuesday, Alinta said it had signed a power purchase agreement with Renewable Power Ventures (RPV) that would enable RPV to build the wind farm.
The deal has been helped along by the courts, which have recently upheld a power purchase agreement it had with National Grid to buy half of the power that it would generate.
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The building owner will sign a long-term power purchase agreement to buy the electricity the solar array generates and will pay 5.5% interest on the loan Mosaic provides to install the panels.
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In October, EnviroMission received approval to sell electricity from the first of two planned 200 MW solar power facilities to the Southern California Public Power Authority under the terms of a Power Purchase Agreement.
Now EDF Renewable energy is planning a new wind-solar project in the region that will be designed as a hybrid from the start and the electricity will be sold to a utility under a single power purchase agreement, according to Tholke.
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Using a mechanism known as a power purchase agreement (PPA), such companies as Wal-Mart Stores and Whole Foods Market have contracted with third parties that install, own and maintain solar power systems that typically sit on the roof of a corporate outlet.
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