power purchase agreement

Harvard inks wind power deal

Harvard inks wind power deal

If you’ve gone as far as pricing a renewable energy system for your home, you may have suffered a bit of sticker shock: solar and wind systems can easily run $20,000 — $40,000 before any incentives. Now, imagine the prices on systems for large businesses and institutions. It’s no wonder that these big players have sought out alternatives to buying systems outright, and often entered into power purchase agreements (or PPAs) for energy produced by technology owned by others.

Harvard University went this route yesterday when it signed a contract with Boston-based wind energy developer First Wind.