Knoxville Utilities Board (KUB) announced on Nov. 19 that by the end of 2023, solar-generated electricity will supply 20 percent of the Tennessee public power utility’s load.
Through the Tennessee Valley Authority’s Green Invest program, the local power company will help enable the construction of solar arrays totaling 502 megawatts of solar power generation to serve KUB customers.
KUB noted that it was the first local power company in TVA’s service area to enter a Green Invest agreement with a commitment of 212 megawatts of solar power announced in March 2020.
This year, Facebook, General Motors, and Google also signed Green Invest agreements.
Earlier this month, the city of Nashville and Vanderbilt University worked with Nashville Electric Service to announce a Green Invest project for 125 megawatts.
The announcement adds 290 megawatts to KUB’s Green Invest commitment for a total of 502 megawatts annually – the second-largest commitment of any organization to take advantage of the Green Invest program, KUB said.
The utility noted that the investment from KUB strengthens the city of Knoxville’s trajectory to meet its goal of an 80 percent greenhouse gas emission reduction by 2050 relative to 2005.
KUB is funding the purchase of these resources at a cost of $1,631,000 and is doing so without a rate increase, using a credit provided by TVA as part of a long-term partnership agreement with KUB.
Additional information about the Green Invest program is available here.