Displaying items by tag: greenpower
Last year, Knoxville Utilities Board committed to supplying 20 percent of its electricity through solar generation by 2023, through Tennessee Valley Authority’s (TVA) Green Invest program. By 2023, KUB will provide 502 megawatts annually of new-to-the-grid solar power to its customers. This represents the equivalent of enough energy to power 83,000 homes. The $1.63 million cost will be paid by a credit provided by TVA as part of its 20-year partnership agreement with KUB.
The announcement was celebrated by solar energy advocates, including the Tennessee Solar Energy Industries Association, but some environmental watchdogs maintain there are issues with the contracts that local power companies had to enter into with TVA to participate in Green Invest.
For the past few years, TVA sought 20-year rolling contracts with local power companies. KUB’s previous contract with TVA was for five years. In August 2019, TVA presented the Knoxville Utilities Board with a 20-year contract that would provide a credit of 3.1 percent on wholesale base rates and flexibility to allow up to 5 percent of KUB power to come from local sources.
Stephen Smith, who holds a doctorate in veterinary medicine from the University of Tennessee, has served as the executive director of the Southern Alliance for Clean Energy (SACE) since 1993. Founded in 1985, SACE promotes responsible energy choices in the Southeast.
(Smith is on the board of directors of the Foundation for Global Sustainability. Hellbender Press is an independent project of FGS).
“Any time solar is being built, that’s a positive thing,” Smith said. But, he added, “It’s important to put it into context. What has [KUB] given up by entering into what we consider a Draconian contract?”