City of Madison - File #: 52087

• File #: 52087
• Version: 2
• Name: Financing new community-scale solar projects in Wisconsin to advance the City of Madison's transition to 100% renewable energy.
• Type: Resolution
• Status: Passed
• File created: 6/13/2018
• In control: SUSTAINABLE MADISON COMMITTEE
• On agenda: 7/10/2018
• Final action: 7/10/2018
• Enactment date: 7/13/2018
• Enactment #: RES-18-00529
• Title: Financing new community-scale solar projects in Wisconsin to advance the City of Madison's transition to 100% renewable energy.
• Sponsors: David Ahrens, Zach Wood, Paul R. Soglin, Samba Baldeh, Shiva Bidar, Sheri Carter, Amanda Hall, Rebecca Kemble, Marsha A. Rummel, Michael E. Verveer, Matthew J. Phair

Date	Ver.	Action By	Action	Result
7/10/2018	2	COMMON COUNCIL	Adopt	Pass
6/25/2018	2	FINANCE COMMITTEE	Return to Lead with the Recommendation for Approval	Pass
6/25/2018	2	SUSTAINABLE MADISON COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
6/19/2018	2	SUSTAINABLE MADISON COMMITTEE	Referred
6/19/2018	1	COMMON COUNCIL	Refer	Pass
6/14/2018	1	Council Office	Referred for Introduction

Fiscal Note
The proposed resolution authorizes a contract with Butter Solar LLC for the annual purchase and sale of renewable energy credits for years 2019-2023. The annual payment amounts required to be made by the City of Madison per this contract are as follows:

2019 - $389,059
2020 - $354,170
2021 - $390,962
2022 - $170,308
2023 - $91,715

Funding for these annual payments is anticipated to be provided by the Engineering-Facilities Management's Sustainability Improvements capital program (MUNIS 10563) which budgets $750,000 of GO Borrowing annually for projects that support the implementation of the Madison Sustainability Plan. Budgeted funding for the program in future years will be subject to the Common Council's adoption of each annual capital budget.
Title
Financing new community-scale solar projects in Wisconsin to advance the City of Madison's transition to 100% renewable energy.
Body
WHEREAS, the City of Madison desires to implement energy and carbon policy consistent with the environmental, economic and social objectives articulated in the Madison Sustainability Plan, the City’s Energy Work Plan, and the existing State of Wisconsin energy policy applicable to local governmental units under Wis. Stat. sec. 1.12; and,

WHEREAS, in 2017 the City of Madison established a community-wide Energy and Carbon goal of 100% renewable energy and net-zero carbon emissions; and,

WHEREAS, also in 2017, the City of Madison selected Sustainable Engineering Group LLC to provide a plan for city operations to achieve goals of 100% renewable energy and net-zero carbon; and,

WHEREAS, the quickest strategy to acquire new sources of renewable energy to reach the net-zero carbon goal is the financing of community-scale solar projects; and,

WHEREAS, Renewable Energy Credits (RECs), are tradeable non-tangible energy commodities that represent poof of the generation of one megawatt-hour (MWh) of energy by a renewable energy facility; and,

WHEREAS, financing community...