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November Green Tip

October 29, 2019
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During the November 2019 University of Pennsylvania Board of Trustees Meetings, a resolution was passed authorizing the University to enter into negotiations for a power purchase agreement to supply solar generated electricity for 75% of the University and Health System’s load.

 

Resolution to Authorize a Power Purchase Agreement for the Delivery of Solar Generated Electricity 

Intention: 
In 2007, the University became the first Ivy League signatory of the American College and University Presidents’ Climate Commitment (“Climate Commitment”), which set into motion University-wide efforts to minimize the University’s carbon dioxide emissions and to establish a zero-carbon footprint by 2042. The purchase of electricity from renewable sources represents a major step toward meeting those goals and is a further step in implementing the Climate Commitment. The Division of Facilities and Real Estate Services, working with consultants and advisors, has solicited proposals from developers capable of delivering a project that would produce up to 453,000 megawatt- hours of solar energy. The University now seeks authorization to enter into a long-term arrangement for the purchase of such energy upon finalizing an agreement with one of the identified prospective developers on terms deemed most advantageous to the University. The Division of Facilities and Real Estate Services expects that the renewable energy would be delivered under the terms of a 20 to 25-year power purchase agreement and that it will reduce the University’s current annual electricity carbon emissions by seventy-five (75) percent. 

RESOLVED, that the University be and is hereby authorized to enter into a long-term Power Purchase Agreement for the delivery of up to 453,000 megawatt-hours of solar generated electricity with a developer who agrees to terms and conditions deemed most advantageous to the University. The Executive Vice President or the Vice President for Facilities and Real Estate Services or Vice President for Finance and Treasurer be and hereby are authorized to take such actions, execute such contracts and incur such expenses and obligations as may, in his or her judgment, be necessary or desirable to accomplish the purposes of this resolution. Any actions heretofore taken by any such officers in furtherance of the purpose of this resolution are hereby ratified and confirmed. 

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