Energy Storage News•7 days ago
Wisconsin utilities opt for solar-plus-storage project acquisitions over ‘debt-like PPAs’
Key Takeaway
Utilities are increasingly favoring direct acquisition of renewable projects over traditional PPAs, signaling a significant shift in procurement strategy that impacts project financing and developer business models in MISO.
AI Summary
- •Two Wisconsin Investor-Owned Utilities (IOUs) are seeking regulatory approval to acquire an under-development solar-plus-storage project in Waushara County.
- •This move signifies a strategic shift by utilities towards direct project acquisition, explicitly opting out of what they perceive as 'debt-like PPAs'.
- •For developers, this indicates a potential trend where utilities may prefer build-to-sell models or direct ownership over long-term PPA structures, impacting project financing and market opportunities.
- •Large power consumers should note that utility procurement strategies are evolving, which could influence future green tariff offerings or the availability of direct PPAs as utilities internalize renewable assets.
Topics
solarstoragemisopolicyppam&afinancing