Two 1 Megawatt Utility-Scale Solar Contracts

January 2014 – RSI was notified by the Tennessee Valley Authority (TVA) that their two Power Purchase Agreement (PPA) applications were accepted for the 20-year Renewable Standard Offer (RSO) and 10-year Solar Solutions Initiative (SSI) rate programs. Each application is for a 1 megawatt utility-scale solar power generating facility. The facilities are planned for the Plateau Partnership Park in Rockwood, Tennessee, and the Eastbridge Business Park in the Mascot community of northeast Knox County, Tennessee. The 2 megawatts of solar energy generation are enough to power 209 homes for a year and the equivalent of offsetting 2,286 of CO2 gas produced by 481 automobiles. RSI executed a Solar Asset Purchase Agreement with Vis Solis, Inc. for the co-development and investment for both projects on April 1, 2014, and successfully executed PPAs with TVA on September 2, 2014, and is now working on achieving Notice to proceed to construction with TVA.

Plateau Partnership Park is the product of a historic economic development partnership of Cumberland, Morgan, and Roane Counties in East Tennessee. RSI’s “Solar Advantage” project will create a major environmental attribute for this industrial complex immediately adjacent to Interstate 40. The proposed 1 megawatt “Solar Advantage” array will be constructed using 3,268,305 solar modules at 305-watts each. The modules will be connected to a single axis tracker to maximize generation. System generation is estimated at approximately 1,657,340 kWh per year. Interconnection of the solar power generating project will be through the Rockwood Electric Utility.

The Eastbridge Business Park was developed by The Development Corporation of Knox County to offer infrastructure ready industrial development properties. RSI’s “Solar Advantage” project will create a major environmental attribute for this industrial complex. The proposed “Solar Advantage” array will be constructed using 3,268,305-watt solar modules. The modules will be connected to a single axis tracking system to maximize generation. System generation is estimated at approximately 1,657,340 kWh per year. Interconnection of the solar power generating project will be through the Knoxville Utilities Board.