LOI Executed for Phosphorus Credit Trading with Portage Solar
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Description
The Village of Plover and Portage Solar, LLC executed a Letter of Intent outlining terms for a forthcoming water quality trading agreement. Portage Solar will generate phosphorus credits to be sold to the Village for compliance with its wastewater permit.
Contract Details
Contract Amount
Price per phosphorus credit to be finalized in forthcoming final agreement
Vendor
PORTAGE SOLAR LLC
Agency
Plover village, WI
Contract Type
OTHER
Document Date
March 15, 2026
Contract Term
5 years from September 2027, with up to three 5-year auto-renewal terms (total up to 20 years)
Renewal Date
2032-09-01
Renewal Info
Term to be 5 years from September 2027, auto-renews for up to three additional 5-year terms unless either party gives written notice 36 months prior to renewal; up to 20 years total.
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