Sunrise Energy Ventures to develop 7.5-MW solar project for Loudon, Tennessee
Tennessee’s Loudon Utility Board (LUB) has selected Sunrise Energy Ventures to develop the Dancing Horse Solar project, which is scheduled to be built in 2022.AC facility will power more than 1,000 homes with carbon-free energy and will help LUB settle rates with customers. Sunrise is developing the project in partnership with Earth-Right Energy, a Tennessee solar developer with more than 13 years of experience in the Valley.
Beginning in August 2019, the Tennessee Valley Authority (TVA) began offering local power companies (LPCs) the flexibility to meet 5% of their power needs from local generation sources, such as wind, solar and natural gas. A key requirement to participate in the program is the signing of the 20-year long-term TVA partnership agreement, which is available to all 154 LPCs. LUB, one of the Valley’s early adopters to embrace renewables, released a solar RFP in March 2021.
“LUB is enthusiastic about the opportunity offered by the flexibility contract. We chose Sunrise as our solution provider because their project delivered maximum value to our client, helped us better control rates, and they have a long and credible track record in the industry. They have been a fantastic partner throughout the process and tailored the project to our needs,” said Ty Ross, general manager of LUB. “In addition, we are excited to be using renewable energy on our grid and hope to leverage the renewable energy credits the system produces to attract and retain industrial customers to this part of Tennessee.”
Sunrise began solar development in TVA’s service area, with more than five developed facilities remaining operational in the Tennessee Valley. On behalf of LUB, the company will develop, finance, build and operate the solar plant and sell power to LUB through a power purchase agreement.
“Sunrise is excited to develop solar in TVA’s service area. We have deployed some of our first projects here and are grateful to continue to be a trusted partner to help Loudon provide affordable clean power to the communities they serve,” said Dean Leischow, Sunrise CEO. “TVA is aggressively promoting renewables in the region. More importantly, they provide LPCs with the ability to purchase flexible generation to control customer rates while attracting new businesses to the region. We couldn’t be happier than supporting Loudon in this pivotal program.”
News release from Sunrise Energy Ventures