At the city council meeting held on Monday, Montevideo City Manager Steve Jones detailed the results of his research into solar energy proposals from two different providers.

At the city council meeting held on Monday, Montevideo City Manager Steve Jones detailed the results of his research into solar energy proposals from two different providers.

Back in April, a proposal from Geronimo Energy was reviewed by city staff. At the time, staff felt uncomfortable entering into a 25 year agreement with Geronimo.

Geronimo responded with a counter offer of a 10 year plan with designated “off ramps” to allow the city to terminate a contract with Geronimo.

Staff found that the return on Geronimo’s 10 year option versus their fixed 25  year term did not seem great enough to turn to a 25 year agreement with the company.

A competing solar energy company called NRG then approached the city with their own community solar proposal. According to Jones, the 25 year proposal from NRG would save the city significantly more money than the proposal from Geronimo.

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