The Green Invest program helps customers like Google meet their long-term sustainability goals with new renewable energy projects. In the past two years, Green Invest has generated $1.4 billion in economic activity in TVA’s service area.
“TVA’s Green Invest can deliver clean, reliable renewable energy at a competitive price – stimulating growth across our seven-state region and giving our region a competive advantage through public power,” said Chris Hansen, TVA vice president, Origination and Renewables.
Through a long-term power purchase agreement, Origis Energy will own and operate the plant, using industry leading land stewardship techniques. The project will create more than 300 construction jobs, with additional employment for 8-10 fulltime operations and maintenance staff. Origis plans to have the solar facility operational by the end of 2022, pending environmental reviews.
“This Tennessee solar milestone is another demonstration of the success of TVA’s Green Invest partnership,” said Johan Vanhee, Origis Energy chief commercial officer and chief procurement officer. “Such utility innovations are helping Google reach its aim to be the first major company to operate carbon free by 2030. We are very pleased to add 100 megawatts to this goal while contributing to the economic development of Obion County.”
To power the data centers, Google had already purchased a total of 26MW of power generated by multiple solar farms linked into the TVA electric grid.
“Google is the world’s largest corporate buyer of renewable energy and our goal is to run our business on carbon-free energy everywhere, at all times, by 2030,” said Reid Spolek, with Data Center Energy Strategy at Google. “Working with TVA and Origis through Green Invest will help move us closer to this goal.”
Monday’s announcement comes on the heels of four other major Green Invest deals TVA completed this year: General Motors, Vanderbilt University, Knoxville Utilities Board and Facebook.
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power companies serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system, and assists local power companies and state and local governments with economic development and job creation.