Renewable IPP to build largest solar project in Alaska

Renewable IPP has announced an 8.5 MW solar project that will provide renewable energy to Alaska company Matanuska Electric Association (MEA). It will be the largest solar energy company in the state.

Construction on the Houston, Alaska site will begin in August 2022 with an expected completion date of Summer 2023. The project will create 30 to 40 construction jobs and 15 to 20 part-time maintenance jobs. When fully operational, the solar panel will power approximately 1,400 homes per year, helping to stabilize energy prices and diversify power generation in Alaska. The municipality of Matanuska-Susitna, where the project is located, was an important pillar.

CleanCapital will fund the construction of projects and will be the owner-operator of the site in the long term. In addition to construction financing, CleanCapital’s investment will fund Renewable IPP’s operations to accelerate development of its future Alaska pipeline.

The two companies began working together in 2020 when they were joined by LaunchAlaska, a local nonprofit dedicated to accelerating Alaska’s clean energy economy. Since then, Renewable IPP has guided the project and its various stakeholders – MEA, Matanuska-Susitna Borough, the City of Houston and the local community to bring this historic project to a successful conclusion.

“This is a ‘dream come true’ moment for our company, which revolves around working with a capable and collaborative team. Thanks to CleanCapital, we are expanding the reach of solar energy deployment worldwide. Proving that solar energy works in the latter frontier begs the question: Can’t it work everywhere? said Jenn Miller, CEO of Renewable IPP.

News item from CleanCapital

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