CleanCapital Announces the Completion of Alaska's Largest Solar Project

CleanCapital, a diversified clean energy company, has added an 8.5 megawatt (MW) solar project in Houston, Alaska to its operating portfolio. The solar project—the largest ever built in the state—was developed and constructed by Renewable IPP, an Alaska-based solar developer. CleanCapital provided financing for the project construction and serves as the long-term owner-operator of the site. In addition to construction financing, CleanCapital's investment funded RIPP's operations to accelerate the development of its pipeline in Alaska.
CleanCapital Announces the Completion of Alaska
Courtesy of CleanCapital

The solar farm, built on 'raw' land, was designed to minimize disturbance to the soil and vegetation. Unique features include a focus on land preservation and an engineering approach to handle Alaska's extreme weather conditions. Affordable Wire Management (AWM) implemented an above ground wire strategy, with rugged metal cable hangers engineered to withstand corrosive environments and intense ice and snow loads.

Matanuska Electric Association (MEA) will purchase cost-competitive power from the project to benefit its members. The project was also supported by a loan from the Alaska Energy Authority (AEA).

"Since its inception, CleanCapital has been driven by a mission to accelerate the transition from fossil fuels to clean, renewable energy. I cannot imagine a better illustration of the importance of that mission than bringing solar to an oil and gas-centric state where the impacts of climate change are so vividly felt," stated Thomas Byrne, CEO at CleanCapital.

"This project demonstrates the viability and economic rationale for adopting solar in Alaska, and we are proud to have played a role in building such a historic project."

While oil and natural gas are central to Alaska's economy and remain Alaska's primary energy sources, residents and state leaders alike recognize the need to diversify the state's energy generation.

Today, 70%-80% of South-Central Alaska's power and most of its heat is generated using a single source: Cook Inlet natural gas. Cook Inlet natural gas producers have cautioned about depleting resources, and importing natural gas would further increase the region's high energy costs.

Until now, the state had not built wind or solar projects at the scale needed to help the state meet its diversification and energy supply needs. The Houston solar project will help lead the way to a new energy mix within the state while providing lower-cost energy to the local community of the Matanuska-Susitna Valley.

"We are thrilled at the cohesive partnerships formed among RIPP, CleanCapital, AEA, and MEA that resulted in the completion of this historic solar project," said Jennifer Miller, CEO at Renewable IPP.  

"MEA is excited to partner with Renewable IPP to expand the amount of clean energy on our system," said Tony Izzo, Chief Executive Officer of Matanuska Electric Association. "Member surveys indicate people want MEA to produce more power with renewable energy, but not at an additional cost. We believe this project achieves that goal while helping MEA responsibly meet the board's clean energy targets."


Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).