TVA launches community solar initiative
The Tennessee Valley Authority has recently developed a community solar initiative designed to add at least 500 kilowatts of solar energy for their utility and government properties.
TVA issued a request for proposals (RFP) on Aug. 15 to identify community members interested in participating in this Solar Aggregated Value and Education (SAVE) initiative.
This initiative will also provide an opportunity to test the market for the upfront purchase of Renewable Energy Credits, or RECS, that are directly tied to generation from a local solar facility. RECs represent the property rights to the environmental, social and non-power qualities of renewable electricity generation. RECs are sometimes purchased to meet legislative or regulatory mandates, meet internal goals, support environmental stewardship and other objectives.
The RFP will be handled through a two-stage application process. The submission deadline for the concept paper proposal will be in November 2013, with the full application due in February 2014 for those selected past the first stage. Final selection of participants is planned for April 2014.
The SAVE initiative is the first of 11 projects TVA is launching as part of a Clean Air Agreement with the U.S. Environmental Protection Agency that support TVA’s vision for low-cost and cleaner energy.
The innovative approach tries to provide renewable credits and tax breaks for industry, the chance for residents to promote more solar power and the opportunity for TVA to get more renewable power to comply with a 2-year-old settlement with the U.S. Environmental Protection Agency.
TVA began soliciting proposals under the new Solar Aggregated Value and Education (SAVE) program last month. Program director Neil Placer said TVA expects to have one or two solar projects added to its grid by 2015.
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