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OTHERPENDING

Village of Plover Water/Wastewater Utility Committee Agenda March 2026

LOI Executed for Phosphorus Credit Trading with Portage Solar

Price per phosphorus credit to be finalized in forthcoming final agreementPlover villagePORTAGE SOLAR LLCMarch 15, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
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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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