SB 102 would place a 20-year maximum on contracts for wind and solar projects trying to utilize a federal law that encourages alternative energy production. Clean energy project developers, as well as the Montana Bankers Association, testified to the Senate Energy and Telecommunications Committee they would need 20-year minimum contracts in order to finance projects. Contracts greater than 20 years are standard in the energy industry. NorthWestern Energy requested and received a 25-year revenue guarantee when it built its Spion Kop wind farm in 2012. Independent power producers should get equal treatment.
Last modified: March 6, 2017