Solar Block-and-Index Contracts: A New Market for Utility-Scale Solar?

By [email protected] The search for funding has led the solar industry down many roads, from the mainstay of state renewable portfolio standard procurements, to the rising driver of voluntary retail customer procurements, to projects enabled through federal PURPA regulations. 7X Energy wants to add a new category — solar block-and-index contracts.

This week, the Texas-based utility-scale developer unveiled a concept for SolarBlocks, which entails bundling solar projects within the standard retail energy deals available in competitive markets. Built to ensure “additionality,” they’re a new way for corporate customers to invest in solar for its energy and regulatory benefits, while keeping their energy

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