Green Power EMC and Silicon Ranch announced a landmark agreement to bring an additional 200MW of solar energy online by the year 2020. The total capacity will be distributed across four locations in southern Georgia and will provide enough low-cost, renewable power to help serve more than 35,000 EMC households annually.
The four solar projects will be developed, funded, and built by Silicon Ranch, which will also own, operate, and maintain the arrays throughout the lifecycle of each facility. Green Power EMC will purchase all the energy and environmental attributes generated by the facilities on behalf of its member EMCs.
"The Georgia EMCs deserve enormous credit for their vision to provide competitively-priced, renewable power to their members," said Pratt. "Continued improvements in solar cost and technology will help our EMCs meet their members' interest in solar energy and maintain competitive energy costs. We are proud to partner again with Silicon Ranch to provide solar energy to them at such an affordable cost."
Silicon Ranch President and CEO Matt Kisber said, "Green Power EMC has developed a procurement strategy that allows its member co-ops to capture tremendous value. By banding together, they are able to leverage economies of scale, resulting in an extremely low cost of energy for their members. Green Power EMC and its member co-ops have established the model that has made Georgia the fastest-growing solar state in America, and it’s a model that other states will no doubt follow in the years to come."
"This 200MW solar project in South Georgia is good news for Georgia's energy sector," said Senate Regulated Industries Chairman Rick Jeffares (R, McDonough). "The EMCs are showing their commitment to a balanced portfolio including renewable sources, and Georgia also welcomes the jobs and investment created by the Silicon Ranch Corp. to build and install these high tech solar panels."
Georgia House Energy Committee Chairman Don Parsons (R, Marietta) said that the agreement announced today is a testament to Georgia's innovative and collaborative business environment. "Our electric cooperatives understand the importance of offering Georgians choices for their source of power. I applaud the way they have collaborated to harness Georgia's natural resources to fuel our growth as a state."