The SRP board authorised the second part of growth on the Copper Crossing Vitality and Analysis Middle in Florence, Arizona, which features a utility-scale superior photo voltaic technology facility able to producing as much as 55 MW of photo voltaic vitality, or sufficient to energy virtually 12,000 households.
It’s the first utility-scale photo voltaic asset in SRP’s portfolio that SRP develops, owns and operates. Traditionally, SRP has contracted technology from renewable assets by way of energy buy agreements with builders, as a result of these entities have entry to tax credit.
The latest passage of the Inflation Discount Act permits not-for-profit public energy utilities like SRP to immediately obtain federal incentive funds for renewable tasks. This can give SRP a higher capacity to develop, function and develop extra renewable assets and doubtlessly cut back prices for patrons as SRP transitions its technology fleet.
The positioning has superior photo voltaic technology, which is able to give SRP the chance to guage rising industrial applied sciences, and the expertise wanted to transition to a low-carbon portfolio. The event shall be on land owned by SRP subsequent to the prevailing Abel Substation at West Judd Highway and Attaway Highway, subsequent to the prevailing 20-MW photo voltaic plant on the northern aspect of the location that presently supplies vitality to SRP clients.
The primary part of the near-term development of the Copper Crossing Vitality and Analysis Middle will add two versatile pure gasoline generators with a complete output of lower than 100 MW, which was authorised by the SRP Board in September. The third proposed part for small, long-term vitality storage applied sciences, is predicted to go to the SRP Board for approval in 2023.
SRP has not but accomplished the design of the brand new photo voltaic portion of the Copper Crossing website. Detailed engineering, materials procurement and development actions for the photo voltaic facility are anticipated to take about 24 months.