Renewvia Energy has received five additional power purchase agreements from the Tennessee Valley Authority (TVA) that will allow installation of photovoltaic systems at poultry farms in Calhoun, Ga.
In some cases, the renewable energy systems will generate greater than 100% of the power used by the hosts to operate their hatcheries, and the TVA guarantees the purchase of the excess power for 10 years.
When a 10-year host site lease expires, ownership will transfer to the farms, with about 20 years of life remaining in the system, Renewvia explains.
‘We are excited to continue the momentum in the renewable energy market by procuring even more power purchase agreements with TVA and Georgia's leading poultry farmers,’ says Eric Domescik, principal of Renewvia Energy. ‘We recognize that the environmental benefits of solar power can only be realized when projects make financial sense and are attractive to investors, developers and the host entity that consumes the solar power.’