Missouri-based Savion LLC has obtained approval from the Kentucky Economic Development Finance Authority (KEDFA) for an up to 200-MW solar photovoltaic (PV) project in Kentucky.
The solar and energy storage developer intends to pour up to USD 231 million (EUR 204.7m) in the scheme, set to create one of the largest solar farms in the southeastern US state. The green light by KEDFA was secured last week and announced by parent organisation Kentucky Cabinet for Economic Development.
Savion’s proposal envisages building a solar park spanning 1,200 acres within a former coal mine in Martin County to produce electricity that will be equivalent to the power consumption of more than 33,000 local homes. The company intends to start building the plant next year and reach commercial operations by early 2024.
The Martin County solar farm project involves a partnership with Edelen Renewables, which has assisted Savion during the initial development stage. A certificate of construction from the Kentucky State Siting Board was granted in November.
The PV park will interconnect to an existing on-site substation.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.