Silicon Ranch will build, own, operate and maintain the facility through a long-term power purchase agreement (PPA) with Tennessee Valley Authority (TVA). The facility will provide solar power to TVA customers, including NSA Mid-South, at cost-competitive rates.
Following the groundbreaking event held on Earth Day, April 22, 2016, the project partners began conducting a series of surveys and studies and the permitting process. Upon successful completion of those studies, transmission infrastructure will then be constructed, and Silicon Ranch will begin building the solar farm in 2017. Once the facility is operational in 2018, the 53 MWac solar plant will produce enough electricity to power approximately 7,500 homes.
The project includes a single-axis tracking table mounting system, which will allow approximately 580,000 panels to follow the sun across its daily arc.
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“When presented with the opportunity to partner with the US Navy and Tennessee Valley Authority for a large scale solar farm development, the Millington Industrial Development Board wanted to find a reliable, professional, and community oriented development partner. Our due diligence brought us in contact with many outstanding companies. As we worked through the selection process, one company, Silicon Ranch Corporation, stood out.
They embodied all of the outstanding characteristics our economic development organization was seeking. Their understanding of our community and our short and long term goals made them the unanimous choice of our development board. Working through the solar development process they exhibited respect for our land, flexibility in solving problems, excellent communication skills, astute financial management, and ongoing accountability.
As an economic developer I look for partnerships where all involved parties come out winners. Silicon Ranch Corporation has shown itself to be the kind of company which wants that winning relationship to exist. I strongly endorse them to be your solar developer.”
-Charles Gulotta, Executive Director, Millington (TN) Industrial Development Board