The Iowa Utilities Board on Aug. 1 granted a preliminary approval on a November 2015 application from the City of Ames Electric Services for certification of a 1.5-MW solar energy conversion facility as an eligible renewable energy facility.
Amed states that it presumes the sole owner of the solar facility will be Ames Community Solar LLC, which will be owned by a group of qualified investors. Ames states that all the renewable energy produced by the facility will be sold to Ames through a power purchase agreement. Ames will be the entity that applies for renewable energy tax credits. Ames is a municipally-owned city utility.
Ames said the solar facility will be located in Ames and is expected to be placed in service on Oct. 15, 2017.
The board found Aug. 1 that the project is preliminarily eligible for renewable energy tax credits and must be operational within 30 months from the date of this order.