Korsail is a renewable energy development firm with experience permitting and constructing several gigawatts of energy projects across the Country. We are a tight knit, collaborative organization with employees that are deeply invested in each stage of project development. We strive to form meaningful relationships in the communities we build in, providing economic benefits and infrastructure improvements. Korsail is investing in Oregon due to a variety of attractive programs that allow us to sell low-cost renewable energy and successfully bring our projects online. A few are highlighted below.
Direct Power Purchase Agreements
A common structure for solar projects is a Direct Power Purchase Agreement. Direct Power Purchase Agreements are an agreement between a customer and a generator, in which the customer buys power from an on-site solar system. While Direct Power Purchase Agreements aren’t unique to Oregon, there is a significant volume of projects with Direct Power Purchase Agreements in the state.
Utility Power Purchase Agreements
A common structure for solar projects is a utility Power Purchase Agreement (“PPA”). A Utility PPA is a contract between a utility and an energy generator, where a utility buys power from a solar project and provides renewable energy to its customers. Oregon Utility companies, including PGE have been very active, signing power purchase agreements on a large number of projects in 2023 to meet renewable energy goals described in their 2023 integrated resource plan.
Community Solar Opportunities
Oregon's Community Solar Program offers a number of incentives for participating members and communities. These projects do not require large tracts of land, particularly in Oregon, with a typical project being 20-40 acres.
Types of Projects We Develop
Korsail develops a wide range of projects uniquely suited to each utility and piece of land. Our team has the knowledge and expertise to bring these projects to life. A few examples are below.
Korsail brings reliable, low-cost solar energy to rural communities across Oregon. Solar is a continuously developing, but commercially tested technology that can help reduce the utility’s monopoly on power generation and their reliance on Brown Fuel generators such as coal.
Korsail develops large-scale battery storge projects that enable us to offer readily available, consistent energy when and where it is most needed. As power demands and generation fluctuate throughout the day in Oregon, storage projects can fill the gaps in generation and keep the lights on. Korsail is at the forefront of the country’s transition to large-scale battery storage.
Korsail also develops Hybrid Solar + Storage projects. We always focus on developing projects which best serve our customers and the local community. Hybrid projects allow for more consistent delivery of energy and are better for the health and stability of the local grid.