An agreement between Nashville Electric Service, Vanderbilt University and the Tennessee Valley Authority will bring new, large-scale renewable energy to the Tennessee Valley through TVA’s Green Invest program, TVA reported on Jan. 22.
TVA said that the partnership is the first of its kind under the new program, which matches demand for green power from large business and industrial customers with cost-effective renewable projects.
The Green Invest program helps customers meet long-term sustainability goals and is modeled on TVA’s work with Facebook and Google, beginning in 2018, to identify new renewable energy for data centers locating in the region.
Green Invest is now available to local power companies and business and industry customers across TVA’s service territory. The program leverages long-term agreements to build new, large-scale renewable energy installations in the Valley through a competitive bid process.
TVA said the collaboration highlights one way the long-term partnership agreement announced last year between TVA and local power companies enables innovative approaches to expanding renewable energy resources in the Tennessee Valley.
In 2019, Vanderbilt announced its goal to power the campus entirely through renewable energy and become carbon neutral by 2050.
TVA has awarded Nashville-based solar developer Silicon Ranch a contract to build, own, and operate a 35-megawatt installation in Bedford County, Tennessee, pending completion of environmental review.
Additional Green Invest announcements resulting from TVA’s 2019 request for renewable energy proposals are anticipated in coming weeks.
“NES is proud to partner with TVA, Vanderbilt and Silicon Ranch to reduce carbon emissions in our region,” said Decosta Jenkins, NES president and CEO. “We are committed to providing safe, reliable and affordable power while continuing to listen to our customers’ needs.”
Jenkins also serves as chairman of the American Public Power Association’s Board of Directors.
“Silicon Ranch and TVA have forged a strong partnership through the successful development of more than 30 solar projects across the Valley,” noted Silicon Ranch Co-Founder and Chairman Matt Kisber.
Silicon Ranch is the U.S. solar platform for international oil and gas company Shell.