Georgia Power opened up its Renewable Energy Development Initiative (REDI) for applications. The program seeks to add a total of 177 megawatts of new solar power through commercial and industrial installations. Currently it’s seeking to 100 or more megawatts of solar projects through a competitive bidding process as part of the larger program.
The REDI offering is in addition to the other solar offerings the utility is now supporting including its Solar Buy Back & Installation, Simple Solar, and Community Solar incentive programs. The Solar Buy Back and Simple Solar programs are eligible to residents and businesses, while the Community Solar program is only available to residents, according to Georgia Power’s site.
Through the REDI program the utility is seeking to develop projects on behalf of commercial and industrial customers that have aggressive renewable energy goals and a need for renewable energy credits (RECs) for projects between 1-kilowatt and 3 megawatts in size. Already big customers like Target and Google have signed up for the program.
The customers will sign a power purchase agreement for the power the system produces and purchase the power produced at a fixed price while receiving a hourly credits for the power produced on their electric bill. The projects will be selected through a competitive request for proposal bidding process that’s open through August 15.
"We are committed to developing cost-effective renewable resources through a competitive bidding process that continues to evolve and improve based on our experience," explained Wilson Mallard, director of Renewable Development for Georgia Power. "Renewable energy is thriving in Georgia and we are excited to begin receiving, reviewing and selecting new projects that provide the most value to our customers.”
The Simple Solar Program is similar to the REDI program in that it offers customers solar RECs, allowing them to claim solar benefits for either 50 percent or 100 percent of their energy usage. The Solar Buy Back & Installation program incentivizes customers to go solar on their property and sell excess energy back to Georgia Power.
For a while Georgia Power had wanted to own and install all solar systems in the state. A move that proved unpopular. But the utility is building out a large solar portfolio with 970 megawatts of solar online, which the company said is the largest voluntary renewable portfolio in the nation, and it plans to install another 1,600 megawatts by the end of 2021.Tweet