PROFESSIONAL_SERVICESAPPROVED

Beloit City Council Regular Meeting Agenda February 2025

Solar and Battery Storage Development Contract with POW Solar LLC

Estimated Project Cost: $10,900,000 (information only, not final); Project Development Budget not to exceed $100,000; Addendum 1: Not to exceed $250,000 for 2 MVA Transformers if ordered/canceledCity of BeloitPOW SOLAR LLCFebruary 5, 2025

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Description

The Beloit City Council approved a Resolution authorizing an agreement with POW Solar, LLC for the development and preliminary procurement activities for a major solar and battery storage project, with an estimated cost of $10.9 million and a not-to-exceed $100,000 budget for project development services. The contract also allows for the early order of two 2 MVA transformers up to $250,000 if needed for Investment Tax Credit purposes. Construction is expected to follow after the development phase and final agreements.

Contract Details

Contract Amount

Estimated Project Cost: $10,900,000 (information only, not final); Project Development Budget not to exceed $100,000; Addendum 1: Not to exceed $250,000 for 2 MVA Transformers if ordered/canceled

Vendor

POW SOLAR LLC

Agency

City of Beloit, KS

Contract Type

PROFESSIONAL_SERVICES

Document Date

February 5, 2025

Contract Term

Development/Engineering starts upon agreement effective February 5, 2025, through Notice to Proceed and construction (NTP estimated 6/1/2025, COD estimated 12/31/2025), Development Services are prior to construction; Ongoing as definitive agreements are finalized

Renewal Date

2025-12-31

Renewal Info

Development phase contract. Main project agreements (EPC, O&M) to be executed after successful completion of pre-construction activities. Early transformer purchase is subject to project continuation.

Issuing Agency