Origis Energy, a US renewable energy provider 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 entered into a power purchase agreement to enhance their solar and storage capabilities in Mississippi. Under this agreement, Origis will develop, build and operate the Hope Solar + Storage facility in Clay County, Mississippi featuring 200 MWac of solar power and 200 MW (800 MWh) of energy storage.
The Hope Solar + Storage facility in Mississippi will provide 200 MW of solar power and 200 MW of energy storage, enhancing clean energy for TVA by 2028. (Image: Collected)
The generated power will be sold to TVA, supporting rapid population and economic growth in the region. The Hope facility is expected to begin commercial operations by the end of 2028, subject to 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 at a rate three times faster than the national average, and in 2023, its GDP increased by 3%, compared to the national average of 2.5%. The Origis clean energy project is expected to support job creation and retention in the area. The project is estimated to bring $182 million in immediate economic gains from construction and hiring, with an additional $7.2 million in projected 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
Origis and TVA's renewable energy portfolio in Mississippi include 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 additional projects are currently under construction: Golden Triangle I, a 200 MWac solar project with 50 MW of storage, also in Lowndes County is set to begin operations in 2025; and Optimist, a 200 MWac solar project with 50 MW of storage in neighbouring 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 for TVA. Each site will supply clean energy at competitive rates under Power Purchase Agreements (PPAs) between TVA and Origis. TVA will use this energy to meet rising demand, enhance grid reliability and support the sustainability goals of major industrial customers through its Green Invest program.