Issue - decisions
CHELSON MEADOW REPORT CONFIRM TITLE
10/03/2023 - Chelson Meadow Community Solar - Virtual Power Purchase Agreement
Councillor James Stoneman (Cabinet Member for Climate Change and Governance) introduced the item and highlighted:-
a)
The VPPA was an important step forward for the Council on the
project;
b)
The agreement would protect the Council from future volatility in
the marker for 20 years;
c) The item had been on the agenda at the Growth and Infrastructure Overview and Scrutiny Committee in the previous week, where an in-depth conversation was had and the recommendations made had been incorporated into the reports for Cabinet.
Cabinet agreed
to:
1. Approve the business case, including the requirement for quarterly monitoring and annual review of the Virtual Power Purchase Agreement;
2. To enter into a Virtual Power Purchase Agreement with Chelson Community Solar on the basis set out in the report;
3.
Delegate authority for
negotiation of the terms within the Virtual Power Purchase
Agreement to the S151 officer in consultation the monitoring
officer;
4. Note that the S151 will sign the agreement subject to it not being signed as a deed. Where it is a deed it will be signed by the Monitoring Officer or other authorised signatory.