Best of Both Worlds: Economic Experts Say Solar Projects Are Good for Environment and Industrial Development

For full article see: the Dispatch

Golden Triangle Development LINK CEO Joe Max Higgins said over the last two decades, he’s worked with about 20 companies looking to bring solar farms to Lowndes, Oktibbeha or Clay counties. Until recently, those companies — barring the odd two-megawatt solar farm located near a substation – have been unsuccessful.

“They never hit,” Higgins said.

But that’s starting to change – in the Golden Triangle and throughout the rest of the Tennessee Valley and the country.

“I see a greener energy in the future of our country and the TVA,” said Tennessee Valley Authority spokesperson Scott Fiedler. “Nearly 60 percent of all the energy we generate right now is carbon free. That includes not only our renewables, but also nuclear power.”

Earlier this year, Tennessee Valley Authority awarded a contract to Florida-based renewable energy company Origis Energy to build a 200 megawatt solar facility on 1,900 acres in Lowndes County just west of the Infinity Megasite. The facility, which will also have the capability of storing about 50 megawatts, is expected to begin producing energy for TVA in 2022.

But economic experts hope Origis will be the first, rather than the only, such project in the Golden Triangle.

Higgins said the LINK is currently working with three or four other solar companies whose representatives have varying degrees of interest in locating a project in the area. One of those companies is specifically looking at about 2,000 acres each in Oktibbeha and Clay counties. The supervisors in those counties have passed notices of intent to issue fee-in-lieu agreements, which would exempt the company from paying property taxes for a certain number of years in exchange for a fee paid to the county, if the company decides to build a facility there.

Fiedler said the benefits to solar and other forms of renewable energy are more than environmental — they’re economic.

“What we’re seeing is businesses and industries not only have profitability goals, they have sustainability goals,” he said. “Once you move into a TVA territory, with our carbon-free generation, you’ve just eliminated over half of your carbon when you’re using TVA electricity.”

Higgins and Fiedler said one industry where companies are particularly interested in solar energy is hyperscale data centers from major tech companies, which provide hundreds of jobs to the area where they’re built. Both Google and Facebook are currently building such centers in Alabama, though some construction has been temporarily halted due to the COVID-19 pandemic.

“We are starting to recruit and see hyper data centers,” Higgins said. “And they use a lot of power, it’s the one single thing they use a lot of. And the thing that they want is they desire renewable power […] They want to be able to tell their customers, their clients, their stockholders that they’re buying new-to-the-world, renewable power.”

But hyperdata centers aren’t alone, Higgins said — the “Walmarts of the world” are increasingly interested in renewable energy as well.

“The big box retailers, the big companies, are getting more and more conscious about their carbon footprint,” he said. “They want to be kind to the environment. They want to use renewable power. You’re starting to see big box retailers or bigger businesses ‘I want solar power. I want wind power. I want renewable power.'”

More than 70 percent of Fortune 500 companies have published sustainability goals pledging to offset their carbon footprint with renewable energy sources, according to Johan Vanhee, Origis’ chief commercial officer and chief procurement officer.