TVA Grows Solar Portfolio by 44% in December, January

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KNOXVILLE, Tenn. – In its latest quarterly financial call, the Tennessee Valley Authority announced the addition of 484 MW of new contracted solar capacity since December, an increase of 44%. These five new projects resulted from TVA’s 2019 request for proposals for renewable energy projects and have been matched to customer requests for new renewable energy.

Issued in April 2019, the RFP called on the nation’s top developers to submit proposals to develop 200 megawatts of renewable energy that could be brought online by the end of 2022. A total of 3,700 MW of offers were received, and 484 MW were selected based on current demand.

“We are moving to contract large volumes of solar for our customers, whether it’s for large business customers through the Green Invest program, or smaller businesses or residential customers who use our Renewable Energy Certificate programs to help offset their carbon footprint,” said Doug Perry, TVA vice president of Commercial Energy Solutions. “TVA is pleased to bring renewable options to the table to help reach their sustainability goals.”

In a first for the agency, 200 MW of solar has been contracted by TVA for its REC programs available to Valley consumers, both large and small. The project was awarded to Origis Energy to construct, own, and operate a solar installation in Lowndes County, Mississippi (Golden Triangle region).