Do You Have A Potential Solar Site?

Dover Sun Park

  • Hodsoll, as VP for Pace Global, led the development on behalf of his
    client Dover DE for a $50 million, 10-megawatt solar power plant. His
    team negotiated five-party Power Purchase Agreements, Lease, and
    Interconnect; conducted market and financial analyses including 25-year
    electricity prices, capacity value, ancillary services value, and REC
    prices; and negotiated the legislative and regulatory arenas.
  • The project required agreements between Dover, DE, LS Power,
    Delaware Municipal Electric Corporation and Delmarva Power. In
    addition, Delaware passed legislation to allow the SRECs to be banked
    for a period sufficient to minimize the impact to the market. The plant
    was commissioned in August 2011

Project Details


10 MW


Dover, DE