New Utility Tactic to Avoid the Carpetbaggers
Got the latest Photon Magazine, Issue 3, and came across an article on page 33 that caught my attention. Steve Ivey, Nashville Music songwriter, producer, has initiated a 30 MW solar farm in Social Circle Georgia. The information that caught my attention is Georgia Power has scheduled a start date for the connection to it’s system in June 2015. If the system is on line any sooner, Georgia Power will pay a reduced rate! Georgia Power had initiated a procurement initiative to bring on line 50 MW of solar offering a 20 year contract. Ivey approached the Georgia Public Service Commission to develop a solar farm on his property. Here is a factoid: the cost of the project is $90 million or $3 per watt. Solar Ranch and Phoenix Solar provided Ivey with assistance in executing the Power Purchase Agreement with Georgia Power, then Silicon Ranch acquired Ivey’s project. Good solar ranching to Matt Kisber and former Governor Bredesen.