Origis to Build 200-MW Solar Project with TVA

• Origis Energy and TVA unite for a groundbreaking 200-MW solar project in Mississippi, boosting clean energy, creating jobs, and powering the future by 2028.

Origis Energy has finalized a power purchase agreement (PPA) with the Tennessee Valley Authority (TVA) to develop a 200-MW solar project paired with a 200-MW/800-MWh storage facility in Clay County, Mississippi. This Hope solar plus storage complex aims to address the growing energy demands due to rapid population and economic growth in the region. The project is expected to be operational by the end of 2028, conditional upon necessary permits and approvals.

This initiative will enhance the collaborative renewable energy efforts between Origis and TVA, expanding their Mississippi portfolio to four projects totaling 750 MW of solar and 350 MW of storage. The project is anticipated to generate $182 million in construction and job opportunities, benefiting local communities and industrial customers by promoting clean energy and supporting decarbonization efforts.

How will Origis Energy's new solar project impact Mississippi's energy landscape and economy?

Impact of Origis Energy's New Solar Project on Mississippi's Energy Landscape and Economy

• Enhanced Energy Security: The addition of the 200-MW solar project, combined with its storage component, will contribute significantly to Mississippi's energy security by diversifying the energy supply and reducing dependency on traditional fossil fuels.
• Job Creation: The project is projected to create around 1,500 construction jobs and additional long-term maintenance jobs, offering valuable employment opportunities in the local community and contributing to the regional economy.
• Economic Stimulus: With an estimated economic impact of $182 million during the construction phase, the influx of investments will stimulate local economies, benefiting suppliers, contractors, and local businesses engaged in construction and maintenance activities.
• Support for Local Industries: By promoting clean, renewable energy, the project positions Mississippi as an attractive location for industries looking to reduce carbon footprints, potentially attracting new businesses and investments in sustainable practices.
• Promoting Renewable Energy Use: The power purchase agreement with TVA aligns with Mississippi's goals to increase renewable energy generation. As the state moves towards cleaner energy sources, this project can serve as a model for future renewable initiatives.
• Resilience to Energy Demand Fluctuations: The incorporation of an 800-MWh storage facility will enhance the reliability of the grid by storing excess energy during low-demand periods and releasing it when demand spikes, thus stabilizing supply and prices.
• Environmental Impact: Transitioning to solar energy reduces greenhouse gas emissions, contributing to improved air quality and supporting Mississippi’s efforts to meet environmental regulations and sustainability goals.
• Community Engagement: The project's development will likely involve community meetings and consultation processes, fostering relationships between Origis Energy and local residents, and ensuring transparency in operations.
• Educational Opportunities: Collaboration with local educational institutions can lead to training programs that equip students with skills in renewable energy technologies, ultimately contributing to a more knowledgeable workforce in clean energy fields.
• Potential for Future Projects: The successful implementation of this solar project may encourage more investments in renewable energy within Mississippi, paving the way for additional solar and storage projects that can further enhance the state's energy infrastructure.
• Strategic Partnerships: This project strengthens Origis Energy's partnership with TVA, creating a framework for future collaborations that can lead to more ambitious renewable energy targets and regional energy planning efforts.

Through these combined effects, Origis Energy's solar project is poised to play a pivotal role in reshaping Mississippi's energy landscape, positioning the state as a leader in renewable energy and fostering economic growth.