Solar Solutions for utilities and municipalities industry - Energy - Energy Utilities
Utilities and municipalities can participate in the changing energy infrastructure. Energy infrastructure is changing. While oil, coal, and gas remain the dominant sources of global energy, heightened awareness to the social and economic benefits of renewable energy is resulting in increased demand for solar. 2016 was a record breaking year as the United States doubled its solar capacity from 2015. Total U.S. solar capacity is expected to triple over the next five years. Demand for solar is increasing and utilities and municipalities can be at the front of it.
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Municipal utility districts can capitalize on cost effective solar
While Investor Owned Utilities (IOU's) provide utility customers with energy while meeting the revenue demands of its investors, municipal utilities exist with the purpose of delivering citizens the most cost-effective energy supply.
By developing utility scale solar projects and signing long term power purchase agreements with solar energy providers, municipal utilities can protect their customers from price spikes related to market price fluctuations in oil, coal, and gas.