Proceeds will fund investments in renewable energy generation, energy storage, transmission system upgrades, and development of advanced clean energy technologies.
The 200 MW solar project will be one of the largest in the state but will help Knoxville, Tennessee, reach its renewable goals.
The social media giant met its 2018 goal at the end of 2020 and now aims to achieve net zero emissions for its entire value chain by 2030.
The two corporations signed up for solar energy capacity using Tennessee Valley Authority’s Green Invest program.
The agreement also includes Facebook’s first large-scale energy storage project.
Also on the rise: TVA allows local power companies to charge new fees to solar customers, Southwest Power Pool launches an imbalance market, and J.D. Power rates EV charging satisfaction.
The utilities that buy power from TVA, and the 10 million people they serve, will be limited in accessing low-cost solar power unless a federal court invalidates what a lawsuit calls TVA’s “never-ending contracts.” Three citizens’ groups brought the lawsuit, claiming TVA violated a federal environmental law.
Also in the brief: NYSEIA forms the Long Island Solar & Storage Alliance, Sol-Ark named a finalist for “American-Made Solar Prize,’ Gas South and Cobb EMC break ground on solar + storage project and more.
The Tennessee Valley Authority will offer just over 2 cents per kWh for distributed solar, although TVA’s prior calculations show a value of 7.2 cents per kWh, or higher when counting avoided pollution. An environmental lawsuit may be brewing.
This op-ed from Southern Alliance for Clean Energy argues that the utility does not have any intention of installing 14 gigawatts (GW) of solar over the next 20 years, and notes that the power company has only budgeted for 5.5 GW of solar during that time period.
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