Under a long-term contract with Alabama Power approved by the Alabama Public Service Commission on June 9, retail giant Walmart will subscribe to a majority of a solar photovoltaic facility’s renewable energy credits (RECs).
Alabama Power will market the remaining RECs to other customers, said a June 9 story posted to the utility’s website and also to the Origis Energy website. Alabama Power has secured the rights to all the energy and the associated environmental attributes generated by the 72-MW facility under a long-term purchase agreement with a subsidiary of Origis Energy. The facility will be located near LaFayette in Chambers County.
Construction of the $140 million facility is anticipated to begin later this year. It is projected be fully operating by the end of 2017.
This is the third renewable energy project approved by the PSC under a program put in place last year. That program, also approved by the PSC, gives Alabama Power the flexibility to secure up to 500 MW of renewable generation through 2021.