Yesterday, Silicon Ranch announced a deal with Georgia’s Green Power EMC to supply the utility cooperatives in its network with electricity from 194 MW-AC of solar projects that it plans to build, under 30-year contracts.
Silicon Ranch states that it is still undergoing negotiations with local governments to secure four sites for the new projects in the central and southern parts of the state. The developer plans to begin construction on these projects by the end of the year, and to put them online by 2021.
This is the second large deal between Silicon Ranch and Green Power EMC. Last June, Silicon Ranch announced that it would build 200 MW-AC of solar for Georgia cooperatives, meaning that Green Power EMC will be supplying its 38 member cooperatives with 394 MW-AC of new solar by the end of 2020.
Silicon Ranch will own and operate all of these projects.
This is in addition to the 283 MW of renewable energy capacity that Green Power EMC already has in place, a figure which it says puts it in the lead among cooperatives nationally.
The secret may be price. A press release by one of the member cooperatives mentions that the price for this latest round of solar contracts is less than thee U.S. cents per kilowatt-hour.
“This solar expansion is a game-changer,” said Peter Heintzelman, President and CEO of Cobb EMC, one of Green Power’s member cooperatives. “It allows us to offer solar energy that is cheaper than most other energy sources, meaning our consumers will get the benefits of clean, renewable energy while paying less for it.”