Invenergy, a privately-held developer and operator of sustainable power options, introduced that it accomplished development financing on Dec. 19, 2018 for its largest photo voltaic mission up to now, the 160-MW Southern Oak Photo voltaic mission, positioned in Mitchell County, Georgia.
In Could of 2018, Invenergy and Georgia Energy introduced an influence buy settlement for Georgia Energy to purchase all of the power, environmental attributes and electrical merchandise from Southern Oak Photo voltaic by 2049. This settlement is a part of the utility’s Renewable Power Improvement Initiative (REDI), which is designed to advance the expansion of renewable power objectives throughout the state of Georgia.
“The completion of development financing for Southern Oak Photo voltaic represents excess of a monetary milestone,” stated Invenergy’s President and Chief Working Officer Jim Murphy. “Southern Oak Photo voltaic is a big transaction with main utility Georgia Energy, and it is usually our largest photo voltaic mission up to now, firmly establishing Invenergy as a number one developer of utility scale photo voltaic initiatives.”
Building on Southern Oak Photo voltaic started in September 2018, and photo voltaic panels for the mission are being supplied by LONGi Photo voltaic Expertise (U.S.). Different main companions on the mission embody Renewable Power Methods, who will assemble the mission, and NEXTracker for provide of the only axis trackers and its TrueCapture™ management system.
In response to NEXTracker, this mission is the primary and largest in the US to introduce bifacial modules and trackers, producing 224 MWdc.
The power is scheduled to start business operation by year-end 2019 and can create greater than 400 jobs throughout development. It’ll present sufficient renewable power to energy greater than 30,000 properties. The mission will generate greater than $12 million in native financial growth in its first 10 years of operation by tax funds, lease funds to taking part landowners and wages and advantages for workers.
Information merchandise from Invenergy