Minneapolis Public Schools Board of Education Agenda January 13 2026
25-Year Solar Power Purchase Agreement Approved
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Description
The Board authorized a 25-year Power Purchase Agreement estimated at $3.36 million with Renewable Energy Partners, Inc for solar-generated electricity at two district facilities. First year rate is $0.09 per kWh.
Contract Details
Contract Amount
Estimated $103,000 first year, $3,356,335 over 25 years. $0.09/kWh first year rate; escalating annually per schedule.
Vendor
RENEWABLE ENERGY PARTNERS INC
Agency
Minneapolis Public School District, MN
Contract Type
UTILITIES
Document Date
January 13, 2026
Contract Term
25 years
Renewal Date
2051-01-13
Renewal Info
25-year initial term with purchase option on the 6th anniversary and thereafter. PPA rate escalates annually per contract schedule.
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