Through its Commercial & Industrial Renewable Energy Development Initiative (C&I REDI) program companies in Georgia Power’s service area will get power from 177 megawatts (MWs) of solar power to serve corporate customers. Under the program Google, Johnson & Johnson, Target and Walmart will buy the power produced at two solar farms being developed to meet their needs.
"We are excited to partner with individual customers to accomplish their renewable energy goals, while also adding value for all customers through continued diversification of our state's energy mix," said Wilson Mallard, director of Renewable Development for Georgia Power. "This program demonstrates our ongoing commitment to responsibly procure renewable energy resources to meet our customers' evolving energy needs, while ensuring reliable and affordable energy for millions of Georgians every day.”
The plan was approved by the Georgia Public Service Commission (PSC) earlier this month. It co-developed C&I REDI with Georgia Power and the companies, allowing them to sign power-purchase agreements (PPAs) for the energy that will be produced at NextEra Energy’s 120 megawatt Dougherty County Solar Facility and Origis Energy’s 57.5 MW Tanglewood Solar facility. The first facility will come online in 2019 and the second in 2020.
The contracts will allow the companies to purchase the energy without having to install solar on their property. It also allows the utility and solar developers to choose ideal sites for solar projects. To allow residential customers a similar option, Georgia Power also recently introduced a community solar offering, Simple Solar, which allows its customers to go solar without putting it on their rooftops.
The off takers will receive the renewable energy credits (RECs) that the solar farms produce and will be credited fort the energy their portions of the solar farms produce. Each company has signed an agreement for at least 10 years for the power produced from the facilities and agreed to retire the RECs during their customer agreements. Georgia Power stated that the projects have 30-year PPA contracts with it.
The utility already has 970 MWs of solar power in its portfolio and plans to add up to 1,600 MWs of additional renewable energy by 2021.Tweet