SRP agrees to buy more power from Arizona's largest proposed solar facility - ABC15 Arizona in Phoenix
SRP agrees to buy more power from Arizona's largest proposed solar facility
Salt River Project has increased the amount of power it plans to purchase from a massive solar project north of Flagstaff being financed by an Israeli energy conglomerate.
SRP announced Monday that the nonprofit energy utility company has signed an agreement to purchase 394 megawatts of power from the CO Bar Solar project in northern Arizona, which will be operated by renewable energy company Clenera, based in Boise, Idaho. That’s on top of the 400 megawatts that SRP already agreed months ago to buy from the project.
The two deals mean the project will provide SRP enough energy to power about 180,000 typical homes.
Read more of this story from the Business Journal.
Related Knowledge Center: ENERGY BASICS: solar
Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.