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Loudon Utilities Board discussed Dec. 14 the possibility of bringing solar energy to the community.
Joe Tierney, with Sunrise Energy Ventures LLC, presented the board a proposal for a purchase agreement of solar power.
Tennessee Valley Authority earlier this year started the flexibility program, which would allow LUB to enter third-party agreements for up to 5% of the load, Tierney said. LUB approved Sept. 28 the ability to utilize the TVA program.
âThereâs a multiplier specifically associated with solar development, so you can install even a little bit more than 5% when calculating that performance of solar,â Tierney said. âAs a result, weâve began conversations with ⦠Ty (Ross, LUB manager) and Bill (Watkins, LUB electric director) and weâve been working through a power purchase agreement. ⦠It is for a 7 1/2 megawatt project which ⦠should be less than your total allotment under the flexibility program. It is for a 25-year PPA and a