The Marinwood CSD directors, notably Leah Kleinman Green who approved of the initial Solar consulting contract in 2013 with sitting CSD board member Cyane Dandridge claims that we will be getting FREE solar electricity through the PPA. Now after MONTHS delay the board is silent and will not hold the Solar Company nor the Marinwood CSD director accountable.
This deserves a full investigation immediately. The Marinwood CSD is refusing to release documents under the California Records ACT.
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A little protection from legal and financial exposure can prevent nasty surprises later. |
The Top 10 Mistakes Schools make with a Solar PPA
An Open Letter to the Marinwood CSD on the proposed SolEd contract approval on 3/8/2016
Dear Marinwood CSD board Member,
Tonight
you will be making a fateful decision to encumber Marinwood Community
Services District into a twenty five year commitment with a young
inexperienced Solar company, SolEd and and an unknown financiers C2Beta
Holdings llc, a Delaware Corporation formed in May 2015.
As
you know, Soled Benefit Corporation was fired by the City of St Helena
for "FAILURE TO PERFORM" its contract duties on November 10, 2015.
C2Beta Holdings is run by a 29 year old financial entrepreneur from New
York.
There are many red flags.
The above link
is a very detailed explanation of the risks involved in Solar PPAs that
is posted to the California School Boards Association website HERE. According
to all accounts it is a VERY EXPENSIVE way to purchase solar and does
little to guarantee competitive energy prices in a changing marketplace.
A
outright cash purchase using conventional financing may result in as
much as 75% savings over a PPA. This means faster payback and less risk
due to technical obsolescence.
Please weigh the facts carefully before putting our finances at risk for twenty five years.
Stephen Nestel
Marinwood, CA
Editor's Note: The attached power point presentation makes all of the points we have been making against the SolEd contract. I doubt if anyone other than Jeff Naylor even bothers to read the presentation. For the rest of the CSD, they seem ready to blindly accept the contract without any modifications .
Editor's Note: The attached power point presentation makes all of the points we have been making against the SolEd contract. I doubt if anyone other than Jeff Naylor even bothers to read the presentation. For the rest of the CSD, they seem ready to blindly accept the contract without any modifications .
This is really disgraceful
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