When opportunity comes knocking, you open the door.
FreeState has opened a door to renewable energy and saving our members more money — especially during the summer months. This month we’re introducing you to our new renewable project. We’ll be providing much more information as we go through the process, but we wanted to share the news with you that we’re moving toward a progressive solar project that will not only lower our power costs but also reduce our carbon footprint.
This solar project is a unique opportunity. We’ll be working with other cooperatives across the state, as well as Today’s Power, Inc. (TPI), to get the best price for purchased power we can. As we’ll explain in the next pages this project is unique because it requires very little investment upfront. TPI will be installing and operating the solar farms and contract with FreeState to sell the power produced by each solar farm as a Purchased Power Agreement (PPA).
The cooperative has identified two 10-acre areas near substations in the East District to build the solar farms. The farms will then be connected to the FreeState distribution system.
Although the arrays will physically
be in the East District due to our power suppliers.
The way these solar farms are set up requires minimal investment from the cooperative, but we benefit by being able to purchase up to 5% of our peak demand from these farms. That means we can pass those savings directly on to each of you.
What we pay, you pay. The less we pay for energy, the less you pay for energy.
The opportunity ahead will allow us to be a leader in solar generation and give us the chance to work with cooperatives across the state and with a reputable company in TPI that understands the cooperative principles and the cooperative mission.
We’re excited, and we hope our members will be too.