January 24 (Renewables Now) - Vanderbilt University in Tennessee has signed a 20-year power purchase agreement (PPA) with Nashville Electric Service for a 35-MW solar park to be built by Nashville-based solar developer Silicon Ranch Corporation.
The contract is the first one under the Green Invest programme of regional planning agency Tennessee Valley Authority (TVA). The programme finds projects for large business and industrial customers that want to buy renewable energy.
The agreement is part of Vanderbilt's efforts to achieve its goal of supplying its campus with 100% renewable energy and becoming carbon neutral by 2050. The contract will help the university offset about 70% of its annual Scope 2 greenhouse gas emissions.
The solar park will be built in Bedford County, Tennessee, after the environmental review of the project is completed. The facility is expected to start operation towards the end of 2022.
Silicon Ranch operates as the US solar platform for Royal Dutch Shell Plc (AMS:RDSA).