The good news is that the City of Lathrop is saving $9,320 a month in energy costs since committing to a solar project on some of the city’s largest buildings. But getting there was anything but a straightforward path. On Monday night, the Lathrop City Council voted to streamline the power purchase agreement that through a series of ownership changes ended up being held by a company that declared bankruptcy.While the financial troubles of SunEdison Inc. presented a challenge in terms of paperwork, their bankruptcy in no way jeopardized the city’s commitment to the project as it was purchased by NRG Energy Inc. almost immediately.
Solar deal helps city save $9K each month