Oct. 15, 2013
KNOXVILLE, Tenn. – The early deadline is less than a month away to submit ideas for the new Tennessee Valley Authority plan to encourage community solar installations across the region.
Nov. 7, 2013 is the deadline for the concept paper proposal, the first of a two stage Request For Proposals (RFP) process for TVA’s new Solar Aggregated Value and Education (SAVE) community solar initiative. The project seeks to install at least 500 kilowatts of solar generation at TVA facilities, TVA directly served customer locations, or other government-owned facilities, including local public power companies served by TVA. TVA will collaborate with SAVE participants to fund and build a solar energy project at one or more sites in local communities across the TVA service area. SAVE will include community teams consisting of corporations, government entities, solar industry representatives, businesses and community organizations.
“We have had good initial interest for this innovative community solar model from various market segments,” said Neil Placer, TVA’s project leader for the SAVE initiative. “Now we want to remind our Valley customers, regional businesses and local residents about the approaching deadline so that no one misses this unique opportunity.”
SAVE also will test the market for the upfront purchase of Renewable Energy Credits (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 often purchased to meet legislative or regulatory mandates, meet internal goals or support environmental stewardship.
The RFP, originally announced August 15, will be handled through a two-stage application process. The submission deadline for the concept paper proposal will be November 7, with the full application due in February 2014 for those selected in the first stage. Final selection of participants is planned for April 2014. For more information, visit www.tva.com/environment/epa_mitigation/solar_pv.htm.
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. As part of the agreements, TVA identified additional environmental projects that support cleaner air across the region and align with its vision for a cleaner energy future.
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving 9 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.