Community Solar: A Public-Private Partnership
The systems will be deployed through a power purchase agreement with Thurston Solar Management (TSM), a joint venture of Olympia-based PureSolar and Seattle-based Tangerine Power. After previously securing a contract to install a PV system at the Children’s Museum, the group was selected for the additional four projects through a competitive bidding process by the Olympia City Council.
Under the agreement, TSM will install, operate and maintain the equipment for nine years. The city will purchase power generated by the solar arrays at the below-market rate of 4.5 cents per kilowatt-hour (kWh). At the end of the contract term, the city can either renew the lease, require the installation to be removed at the company’s expense, or buy the system at its depreciated value.
https://cleantechnica.com/2011/12/15/community-solar-in-olympia-washington-moves-forward/