January 24 (Rnenewables Now) - Toyota Motor Corp (TYO:7203) and Down Inc (NYSE:DOW) are to buy power from a 100-MW solar park in Kentucky under agreements that have been filed for approval with the Kentucky Public Service Commission.
The 20-year contracts are between Toyota Motor Manufacturing Kentucky Inc, which operates the company's manufacturing plant in Georgetown, Dow, which has a silicones production facility in Carrollton, and utilities Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company.
The two utilities have a power purchase agreement (PPA) with ibV Energy Partners, which won their request for proposals issued last year with its bid to develop the Rhudes Creek Solar project in Hardin County. The PPA has also been submitted for approval.
The contracts are part of the two utilities' Renewable Power Agreement programme.
Toyota will buy 50% of the solar farm's energy output, Dow will purchase 25% and the remaining 25% will be for the utilities' customers.
The solar farm is expected to start commercial operation by 2022, according to the statement.