OTHERAPPROVED

KUB Approves 20-year Solar Power Purchase Agreement

The Knoxville Utilities Board approved entering into a Power Purchase Agreement with SR Durhamville, LLC for 50% output of a new 66 MW solar facility in Tennessee at a fixed price of $50.90/MWh over 20 years. The agreement is expected to result in estimated net savings of $1.5 million per year for KUB.

Document date · November 21, 2024

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
50% of 66 MW solar output at $50.90/MWh (estimated $1.5 million net annual savings over 20 years)
Contract type
OTHER
Contract term
20 years, beginning with commercial operations (expected June 30, 2028)
Renewal date
2048-06-30
Renewal
No auto-renewal; PPA term is fixed at 20 years from initial delivery. Execution of the PPA is to occur by June 30, 2026, with operations targeted for June 30, 2028. Early termination or amendment provisions are outlined in PPA documentation.
Document type
AgendaPacket
Source document
Knoxville Utilities Board Meeting Agenda November 21 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Knoxville Utilities Board?

Sr Durhamville Llc was awarded this government contract by Knoxville Utilities Board, as recorded on November 21, 2024. The contract value is 50% of 66 MW solar output at $50.90/MWh (estimated $1.5 million net annual savings over 20 years).

How much is the Sr Durhamville Llc contract with Knoxville Utilities Board worth?

The Sr Durhamville Llc contract with Knoxville Utilities Board is valued at 50% of 66 MW solar output at $50.90/MWh (estimated $1.5 million net annual savings over 20 years).

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Knoxville Utilities Board Meeting Agenda November 21 2024 (AgendaPacket), dated November 21, 2024 from Knoxville Utilities Board. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sr Durhamville Llc hold?

Sr Durhamville 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 Sr Durhamville Llc's profile

What is Knoxville Utilities Board currently buying?

Explore Knoxville Utilities Board's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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