Green Power EMC and Silicon Ranch Announce 200 Megawatt Solar Portfolio
Landmark agreement expands strategic partnership between Green Power EMC, Silicon Ranch.
Portfolio will provide low-cost, renewable power to help serve more than 35,000 member households.
Jun 20, 2017, 10:00 ET
TUCKER, Ga., June 20, 2017 /PRNewswire/ -- Green Power EMC, the renewable energy supplier for 38 Georgia Electric Membership Corporations (EMCs), and Silicon Ranch, one of the nation's largest independent solar power producers, today announced a landmark agreement to bring an additional 200 megawatts (MWAC) of solar energy online by the year 2020. The total capacity will be distributed across four locations in southern Georgia and will provide enough low-cost, renewable power to help serve more than 35,000 EMC households annually.
The four solar projects will be developed, funded, and built by Silicon Ranch, which will also own, operate, and maintain the arrays throughout the lifecycle of each facility. Green Power EMC will purchase all the energy and environmental attributes generated by the facilities on behalf of its member EMCs.
The 200MWAC portfolio expands the strategic partnership between Green Power EMC and Silicon Ranch. The pair commissioned a 20MWAC solar plant in Jeff Davis County, Ga. near Hazlehurst in 2015 and recently dedicated a 52MWAC plant, also near Hazlehurst. According to Green Power EMC President Jeff Pratt, more than 30 EMCs share in the output generated by the two facilities. Pratt says the additional capacity will further enable the EMCs to supply low-cost solar energy to a growing number of the 4.1 million Georgia residents they serve.
"The Georgia EMCs deserve enormous credit for their vision to provide competitively-priced, renewable power to their members," said Pratt. "Continued improvements in solar cost and technology will help our EMCs meet their members' interest in solar energy and maintain competitive energy costs. We are proud to partner again with Silicon Ranch to provide solar energy to them at such an affordable cost."
Silicon Ranch President and CEO Matt Kisber said, "Green Power EMC has developed a procurement strategy that allows its member co-ops to capture tremendous value. By banding together, they are able to leverage economies of scale, resulting in an extremely low cost of energy for their members. Green Power EMC and its member co-ops have established the model that has made Georgia the fastest-growing solar state in America, and it's a model that other states will no doubt follow in the years to come."
"This 200MW solar project in South Georgia is good news for Georgia's energy sector," said Senate Regulated Industries Chairman Rick Jeffares (R, McDonough). "The EMCs are showing their commitment to a balanced portfolio including renewable sources, and Georgia also welcomes the jobs and investment created by the Silicon Ranch Corp. to build and install these high tech solar panels."
Georgia House Energy Committee Chairman Don Parsons (R, Marietta) said that the agreement announced today is a testament to Georgia's innovative and collaborative business environment. "Our electric cooperatives understand the importance of offering Georgians choices for their source of power. I applaud the way they have collaborated to harness Georgia's natural resources to fuel our growth as a state."
Established by Georgia's EMCs in 2001, Green Power EMC was the first green energy provider in the state. Working with and on behalf of its member cooperatives, Green Power EMC has already placed the Georgia EMCs first in the nation among co-ops for installed capacity, a position dramatically enhanced by the additional portfolio with Silicon Ranch. In recognition of its comprehensive solar strategy, Green Power EMC was named the 2016 Electric Cooperative Utility of the Year by the Smart Electric Power Alliance (SEPA) during a ceremony at the Solar Power International conference in Las Vegas last September.
About Green Power EMC
Green Power EMC was the first green energy provider in the state. It was created by Georgia's EMCs in 2001 and has been selling green energy since 2003. Green Power EMC obtains green power from renewable energy facilities throughout Georgia, including solar power, low-impact hydroelectric, landfill gas, and biomass from wood waste. For more information about renewable energy efforts in Georgia, visit www.greenpoweremc.com.
About Silicon Ranch Corporation
Silicon Ranch Corporation, based in Nashville, Tenn., is one of the fastest-growing developers, owners, and operators of solar energy plants in the U.S. Silicon Ranch develops to own all of its projects for the long-term and brings the economic, environmental, and community benefits of commercial and utility-scale solar energy together in a full-service model that requires no capital investment from its stakeholders. Silicon Ranch benefits from the experience of its management team that has built over 2.5 gigawatts of conventional and renewable generation assets, including the first large-scale solar projects in Tennessee, Georgia, Arkansas, and Mississippi. Silicon Ranch is a Platinum Associate member of the National Rural Electric Cooperative Association. More information is available at www.siliconranchcorp.com.
Contacts
Green Power EMC
Greg Jones
1-770-861-0443
greg.jones@opc.com
Silicon Ranch Corporation
Matt Beasley
615-577-4616
matt.beasley@siliconranchcorp.com
SOURCE Silicon Ranch Corporation
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