ENERGYPENDING

School District Proposes 25-year Solar Power Pact with Coral Reef Partners LLC

Indiana Area School District issued a Letter of Intent to Coral Reef Partners LLC for a planned 1.38 MWDC solar installation at four sites, with a 25-year Power Purchase Agreement and structured site lease. IASD will pay $0.086/kWh in Year 1 with a 2% annual rate increase, and Coral Reef will handle design, build, financing, and ownership of the system. A formal contract remains pending subject to final agreement negotiation, with provisions for cost reimbursement and staged termination fees.

Status
PENDING
Document date
February 15, 2026
Contract type
ENERGY
Vendor
Coral Reef Partners Llc
Agency
Indiana Area SD · PA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
IASD pays $0.086/kWh in Year 1 with a 2% annual rate escalator; total size approx. 1,709,600 kWh/year; termination fee schedule $16,500 - $90,326.02 depending on development stage
Contract type
ENERGY
Contract term
25 years (anticipated Power Purchase Agreement); Site Lease: initial 6 years with option to extend 24 more years; Project buyout permitted years 7-12
Renewal date
2051-10-15
Renewal
Initial site lease is 6 years from commercial operation, with a 24-year extension option. PPA term is 25 years. Buyout option for IASD in years 7-12 post-operation at fair market or buyout schedule price. Annual escalator set for electricity rate. Termination fees escalate by project phase unless mutually agreed.
Document type
Agreement
Source document
Indiana Area School District Coral Reef Partners Letter of Intent Feb 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the energy contract by Indiana Area SD?

Coral Reef Partners Llc was awarded this energy contract by Indiana Area SD, as recorded on February 15, 2026. The contract value is IASD pays $0.086/kWh in Year 1 with a 2% annual rate escalator; total size approx. 1,709,600 kWh/year; termination fee schedule $16,500 - $90,326.02 depending on development stage.

How much is the Coral Reef Partners Llc contract with Indiana Area SD worth?

The Coral Reef Partners Llc contract with Indiana Area SD is valued at IASD pays $0.086/kWh in Year 1 with a 2% annual rate escalator; total size approx. 1,709,600 kWh/year; termination fee schedule $16,500 - $90,326.02 depending on development stage, covering energy work.

What type of contract is this?

This is a Energy contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Indiana Area School District Coral Reef Partners Letter of Intent Feb 2026 (Agreement), dated February 15, 2026 from Indiana Area SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Coral Reef Partners Llc hold?

Coral Reef Partners Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Coral Reef Partners Llc's profile

What is Indiana Area SD currently buying?

Explore Indiana Area SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Indiana Area SD's profile

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