US renewable energy provider Origis Energy has entered into a power purchase agreement (PPA) with the Tennessee Valley Authority (TVA) for a 200-MW solar project and a 200-MW/800-MWh energy storage project in Mississippi.
Origis and TVA Launch Major Solar and Storage Project in Mississippi
Origis Energy and the Tennessee Valley Authority (TVA) have signed a power purchase agreement to expand solar and storage capabilities in Mississippi. Through this agreement, Origis will develop, build, and operate the Hope Solar + Storage facility in Clay County, which will feature 200 MWac of solar power and 200 MW (800 MWh) of energy storage.
The Hope Solar + Storage facility in Mississippi will supply 200 MW of solar power and 200 MW of energy storage, bolstering TVA’s clean energy supply by 2028. (Image: Collected)
Power generated by the facility will be sold to TVA to support the region’s rapid population and economic growth. The Hope facility is slated to begin commercial operations by the end of 2028, pending necessary environmental and developmental permits and approvals.
“TVA is a clean energy leader, and we take our mission of Environmental Stewardship seriously to increase the amount of affordable, reliable, renewable energy in our portfolio. This project is an example of American-led energy innovation that creates avenues of opportunity, providing economic benefits to communities and our customers while enhancing our nation’s energy security,” said Jeremy Fisher, senior VP, strategy and commercial officer for TVA Commercial Energy Solutions.
TVA Highlights Economic Boost from Origis Clean Energy Project
According to TVA, the region’s population is growing three times faster than the national average, and its GDP increased by 3% in 2023, compared to the national average of 2.5%. The Origis clean energy project is also expected to support local job creation and retention. The project is estimated to generate $182 million in immediate economic gains from construction and hiring, plus an additional $7.2 million in long-term regional economic benefits over the facility’s lifespan.
“This partnership connects us to those we serve and is good news for multiple stakeholders. Industrial customers benefit by meeting their decarbonization goals. Residential customers benefit from clean energy that contributes to reliable, affordable, predictable rates. Communities near these projects benefit through the economic activity of construction and job growth from industries these projects attract,” said Johan Vanhee, chief commercial and procurement officer for Origis Energy.
Origis Energy & TVA Expand Mississippi Renewable Energy Portfolio
The renewable energy portfolio from Origis and TVA in Mississippi includes three key projects. Earlier this year, the Golden Triangle II project became operational, featuring 150 MWac of solar power and 50 MW of battery storage in Lowndes County. Two more projects are currently under construction: Golden Triangle I, a 200 MWac solar project with 50 MW of storage in Lowndes County, is set to begin operations in 2025, while Optimist, a 200 MWac solar project with 50 MW of storage in neighboring Clay County, is expected to be operational by early 2026.
Origis Energy, a leading U.S. provider of renewable energy and decarbonization solutions, is overseeing the development, construction, and operation of these projects on behalf of TVA. Each site will supply clean energy at competitive rates under Power Purchase Agreements (PPAs) between the two companies. TVA will use this energy to meet rising demand, improve grid reliability, and help major industrial customers achieve their sustainability goals through its Green Invest program.