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