US solar developer Silicon Ranch has completed a 6.75-MWac solar project in Puryear, Tennessee which was partly funded by an investment from electric vehicle (EV) start-up Rivian Automotive Inc (NASDAQ:RIVN).
The Paris Solar Farm - Puryear will deliver energy to the Paris BPU electric grid and will generate electricity enough to meet the needs of about 1,000 homes annually, a joint press release said on Tuesday.
The project was realised in partnership with the Paris Board of Public Utilities (Paris BPU) and the Tennessee Valley Authority (TVA).
Rivian’s investment covers a 1-MW portion of the Paris Solar Farm - Puryear which is more than enough to power the company’s EV chargers located at 11 state parks across the state.
The 80-acre plant was developed as part of TVA’s Generation Flexibility Program which is aimed at encouraging local power companies to develop distributed generation facilities and provide local solutions to the renewable needs of customers.
Silicon Ranch, Paris BPU and TVA held the ground-breaking ceremony for the facility in April 2022. The solar developer, which owns, operates and maintains the facility, at the time said that the project’s construction was expected to cost more than USD 7 million (EUR 6.46 m).
(USD 1 = EUR 0.923)
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