Clearloop has launched the first two of its three planned solar projects in Panola County, Mississippi, to help decarbonize the grid and expand equitable access to clean energy. The 6.6 MWDC Panola I and Panola II Solar Farms were developed in collaboration with the Tallahatchie Valley Electric Power Association (TVEPA) and the Panola Partnership.
Projects Overview
The first of these, the 6.6 MWDC Panola I Solar Farm, is backed by over 30 organizations. Supporters include Vista Equity Partners and 21 of its portfolio companies, as well as Uber, Rivian, Oak View Group/GOAL, Infoblox, FarmHouse Fresh, Chicory Wealth, Goodr, Grandma Mae’s Country Naturals, Aether Diamonds, and Material Bank. This initiative showcases Clearloop’s approach to decarbonizing the economy by enabling organizations of all sizes to offset their carbon footprints.
The second project, the 6.6 MWDC Panola II Solar Farm, is supported by Microsoft as part of its ongoing effort to expand impactful renewable energy solutions. Through its partnership with Clearloop, Microsoft is helping expand equitable access to clean energy and decarbonize the grid in the Mississippi Delta by making an upfront payment for long-term renewable energy credits.
The Solar Projects to Power 3,000 Homes Annually
When combined with the upcoming Panola III Solar Farm, the first two projects will prevent over 1 billion pounds of carbon dioxide from entering the atmosphere. Together, they will generate enough renewable, cost-effective energy to power approximately 3,000 homes annually in the region where the Mississippi Delta and Appalachian Foothills meet.
The 4.8 MWDC Panola III Solar Farm is supported by Vanderbilt University as part of a multiyear partnership with Clearloop. This collaboration reinforces the university’s pledge to power its campus solely with renewable energy and maintain its carbon neutrality. The project is slated for completion in the fall of 2024.
The Projects Will Be Operated by Silicon Ranch
As with all Clearloop projects, the Panola solar farms will be owned and operated by Clearloop’s parent company, Silicon Ranch, for their entire 40-year lifespan. Both Clearloop and Silicon Ranch are committed to their long-term partnerships with TVEPA and the Panola County community. This collaboration helps Panola County advance its economic development goals.
Decarbonization Solutions for All
Clearloop, a Silicon Ranch subsidiary, creates carbon solutions for organizations of all sizes, from global corporations to small businesses and educational institutions. Partnering with Clearloop allows these organizations to decarbonize their operations while helping build new solar projects in American communities poised for significant economic and environmental benefits.
Clearloop provides a unique model for companies to reduce their carbon footprint. More than 30 organizations, including Microsoft and Chicory Wealth, have partnered to support the Panola I and II Solar Farms.
Their collective investment has made a significant impact on reducing carbon emissions and boosting the local economy. Clearloop is dedicated to maximizing the impact of its climate funding to benefit the environment, education, and the economy.
Emily Deer, Associate Advisor at Chicory Wealth, highlighted the partnership’s importance: “Collaborating with Clearloop has been pivotal for Chicory Wealth in striving to achieve our ambitious climate objectives: reducing greenhouse gas emissions by 50% by 2030, attaining net zero emissions by 2050, and providing yearly updates on our progress. Clearloop offered us an ideal opportunity to offset our carbon footprint while also enabling our company to contribute to the expansion of renewable energy access and the economic prospects it brings to Panola County.”
Danielle Decatur, Director of Environmental Justice at Microsoft, stated, “As a company dedicated to achieving carbon negativity by 2030, we are pleased to support Clearloop’s approach to accelerating grid decarbonization and emphasizing fair access to clean energy in communities like Panola County, where our contributions can make a meaningful difference.”