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Clean Energy Technologies announces $53m power purchase agreement

Clean Energy Technologies has announced a 20-year Power Purchase Agreement (PPA) between Vermont Renewable Gas (VRG), a limited liability company affiliated with CETY and VEPP, a not-for-profit corporation that administers two of Vermont’s Renewable Energy Programmes under contract with the Vermont Public Utility Commission.

VRG will exclusively sell all electric power and other related benefits from its 2.2-megawatt biogas facility in Lyndonville, Vermont, to VEPP.

The deal, anchored by the Lyndonville project's anticipated generator availability, is valued at $53 million (€49.4 million).

VRG Lyndonville has been qualified as a Farm Methane project under Vermont’s Standard Offer Programme.

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