GoofGoof
Premium Member
The projects could be privately owned but the developer gets RCID to sign a power purchase agreement to buy the output of the facility. Since its an A credit rated municipality the developer gets good (meaning cheaper) financing because the primary risk for the developer is default of payments from the purchaser of the power since these contracts tend to be long term 10-30+ years. A few years back when PG&E was heading to bankruptcy over the wild fires there were major concerns from owners of renewable projects because of the fear that these contracts could be voided in bankruptcy. Flash forward to this situation. If I have a contract with RCID to sell them power and they get dissolved by the state then I have no contract going forward. So if they want to build new facilities there’s now a negative credit watch on RCID which makes them less desirable.Is all the new solar generation they're building RCID or Disney owned projects?
Connecting it into the local grid as a local generation source clearly gets into the overall local grid control. But, as just the generation source, who really owns them and are they public or some private entity?
Locally around us, we've got municipal owned solar generation and private owned. Since power generation is mostly deregulated, it could be anything.