Opdenergy has signed a Power Purchase Agreement (PPA) with Tennessee Valley Authority (TVA), the largest public power utility in the United States. Opdenergy will construct a 90 MW photovoltaic plant in Kentucky and sell the electricity to TVA under the terms of the 15-year agreement. Opdenergy was awarded this PPA through a competitive RFP process in which 3,700 MW of proposals were submitted for TVA’s newly launched Green Invest program.
The plant, located in Simpson County, KY will be in commercial operation 3rd Q 2022 and it will generate more than 301,687 MW/hrs per year of green energy and it will supply enough electricity to power 17,000 homes and offset 90,000 metric tons of CO2 annually which will be allocated to TVA’s commercial activities starting in the second half of 2021.
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