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Most US solar farms have a power purchase agreement that’s independent of real time market prices. Solar farms agree because being paid 2c/kWh or whatever for
by Retric 3y ago
Most US solar farms have a power purchase agreement that’s independent of real time market prices. Solar farms agree because being paid 2c/kWh or whatever for the first X years guarantees they can repay all loans. Utilities agree because it’s guaranteed to save them money.
Those power purchase agreements then makes it really easy to get loans.