FOR IMMEDIATE RELEASE: May 27, 2020
BIG RIVERS ANNOUNCES SOLAR POWER PURCHASE AGREEMENTS
HENDERSON, Ky. - Big Rivers Electric Corporation has entered into agreements to purchase power from two solar developers who will build, own and operate their facilities in western Kentucky. Community Energy and Geronimo Energy, a National Grid company, were chosen to provide the company's Member-Owners up to 260 megawatts (MW) of solar generation. Community Energy will provide Big Rivers with up to 100 MW, which will come from solar arrays set to be located in Meade and
McCracken Counties. Energy deliveries from the Community Energy contracts are scheduled to begin early 2023. Geronimo Energy will build 160 MW on nearly 1,700 acres at the Henderson/Webster County line and will begin generating in early 2024. Both contracts are 20-year agreements.
"Big Rivers is excited to add this renewable energy source to our portfolio for the sole benefit of our Member-Owners," said Bob Berry, President and CEO of Big Rivers Electric Corporation. "This is another example of our commitment to provide safe, reliable and sustainable energy to our Members."
“Big Rivers is showing impressive leadership with this purchase of solar power from our McCracken County and Meade County projects,” said Brent Beerley, President of Community Energy. “Each of Big Rivers’ Member-Owners will benefit from the long-term, fixed-priced and low-priced electricity these projects will generate. The region will also benefit from economic development, jobs, and taxes. We look forward to working with Big Rivers and their member communities to bring these solar projects on line.”
“Geronimo Energy is proud to partner with Big Rivers on the largest solar energy project in the state of Kentucky,” stated David Reamer, President of Geronimo Energy. “As a company committed to the southeastern region of the United States, Geronimo looks forward to bringing significant economic benefit - such as new tax revenue, job creation, local spending, and charitable funding - that will directly result from Geronimo's Unbridled Solar Project to the state of Kentucky.”
Once these power purchase agreements have been approved by the Kentucky Public Service Commission and the Rural Utilities Service, Big Rivers will have a diverse low-cost generation portfolio consisting of coal, natural gas, hydro, and solar.
Big Rivers Electric Corporation is an electric generation and transmission cooperative headquartered in Henderson, Kentucky and owned by three distribution cooperative members—Jackson Purchase Energy Corporation, headquartered in Paducah; Kenergy Corp, headquartered in Henderson; and Meade County Rural Electric Cooperative Corporation, headquartered in Brandenburg. These member cooperatives deliver retail electric power and energy to more than 118,000 residential,
commercial, and industrial customers in portions of 22 western Kentucky counties. To learn more, please visit www.bigrivers.com.
About Community Energy
Community Energy has developed and financed 2,000 MW of renewable energy power projects across the country, including 1,300 MW of solar power. Community Energy combines power marketing and development expertise to build renewable generation projects economically and at scale and has been a leading renewable energy developer for more than 20 years, developing many of the first and largest wind and solar projects in the United States. Community Energy is headquartered in
Radnor, Pennsylvania with offices in Boulder, Colorado, and Chapel Hill, North Carolina. For more information about Community Energy, please visit https://www.communityenergyinc.com.
About Geronimo Energy
Geronimo Energy, a National Grid (NYSE: NGG) company, is a leading North American renewable energy development company based in Minneapolis, Minnesota, with satellite offices located throughout multiple states in the regions where it develops, constructs, and operates. As a farmer-friendly and community driven company, Geronimo develops projects for corporations and utilities that seek to repower America’s grid by reigniting local economies and reinvesting in a sustainable
future. Geronimo has developed over 2,400 megawatts of wind and solar projects that are either operational or currently under construction, resulting in an investment of over $4 billion in critical energy infrastructure and the revitalization of rural economies. Geronimo has a vast development pipeline of wind and solar projects in various stages of development throughout the United States. Please visit www.geronimoenergy.com to learn more.