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These Pa. colleges are going all in on renewable energy -- with a little help from a Texas solar farm
by Andrew Maykuth

The Philadelphia Inquirer    Translate This Article
24 February 2020

On 24 February 2020 The Philadelphia Inquirer reported: Four Pennsylvania schools have teamed up to support a Texas solar farm that will supply them with 'virtual' renewable energy, joining a trend among institutions of higher education to address climate change. ... The Texas project will also be sited on barren land, avoiding the clearing of trees or displacing a farm, which is often required for mid-Atlantic-based projects. Global Good News service views this news as a sign of rising positivity in the fields of science and education, documenting the growth of life-supporting, evolutionary trends.

Under a virtual power purchase agreement, the buyer does not buy the actual power generated from a project, but compensates the producer for the difference between the market price of the electricity and the value of the renewable energy certificates it produces. The payments provide the solar producer with a guaranteed income source that can help finance its project. The schools, meanwhile, will continue to buy their power from the regional grid at market rates.

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