Franklin will lease unused land to a Nashville-based company for the future installation of a new solar panel array.
Energy Source Partners is proposing to spend $2.6 million to build a new solar array on a 3-acre sludge field site near Mack Hatcher Parkway. That array is expected to generate 1 megawatt of electricity, which would be sold to the Tennessee Valley Authority.
Over the course of the proposed 20-year contract, the 1 megawatt panels would generate $165,000 for Franklin by the 10th year of the program and about $800,000 from years 10 to 20.
Last year, Franklin leased part of an empty sludge field near its sewer plant off Claude Yates Drive to Nashville-based Energy Source Partners, which paid about $1 million to install 940 solar panels on the land. Those panels, which generate about 200 kilowatts, capture sun rays and convert them to electricity, which is then resold.