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Topic: TVA Renewable Standard Offer

TVA Launches New Renewable Power Initiative, Continues Generation Partners Growth

 

Tennessee Valley AuthorityKnoxville, TN – The Tennessee Valley Authority has added another source to its growing renewable power portfolio with the announcement Friday of a new TVA initiative for mid-size renewable generators.

The TVA Renewable Standard Offer will encourage more renewable development within the region by allowing developers to enter into long-term price contracts with TVA. These new renewable projects may be capable of producing between 201 kilowatts and 20 megawatts of electricity. The Renewable Standard Offer Program was designed to accommodate projects that are too large for TVA’s Generation Partners program, which was developed for residential and small commercial customers that generate 200 kilowatts or less.

A number of states and utility companies purchase renewable power from developers, or excess power produced by customer renewable power systems, using a set price, or “standard offer” to encourage the growth of solar, wind and other forms of electricity that emit no pollution or greenhouse gases. «Read the rest of this article»

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