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Gas South to invest $50 million in solar projects by 2023

Written by: Leonard Parker | Solar News | 01st April


Gas South announced an investment goal of $50 million in solar energy by the end of 2023, as part of the company’s plan to support renewable energy initiatives. 

Gas South’s commitment to solar energy began in 2020 with the development of a utility-level solar farm in partnership with parent company Cobb EMC. The 6,000-square-foot solar project showcases rooftop solar panels producing 1.85 MW of solar energy and battery storage producing 1 MW and 4 MWh of solar energy. It also features a solar garden with three 18-foot-tall Smartflowers, producing 13,400 kWh of solar energy. The total solar energy produced can power 200 houses. This initiative enables Gas South and Cobb EMC to supply renewable energy to the power grid and study ways to support large customers with solar power.

“In addition to the charitable giving we do, our pledge to ‘Be a Fuel for Good’ also means doing our part to build a sustainable future for our children and future generations,” said Kevin Greiner, Gas South’s President and CEO. “To show our commitment, we have invested $17 million in solar energy projects thus far and look forward to further expanding our efforts.”

Gas South has also invested in additional community solar projects through its relationship with Sol Systems, a leading national solar energy firm. Through this partnership, Gas South has invested $12 million in eight residential community solar projects providing energy to more than 2,600 homes.

“At Sol Systems, we create solutions that combine community impact with sustainable infrastructure finance and development,” said Yuri Horwitz, Sol Systems’ CEO. “Our partnership with Gas South is a great example of how some utilities are taking a new look at sustainability solutions that create scalable, long-term solar energy solutions.”

“Investing in solar projects provides Gas South with an opportunity to gain experience with alternative energy while also generating an additional financial return for our parent company, Cobb EMC, and its member-owners,” said Jamie Tiernan, Gas South’s Chief Financial Officer. “We hope to have an opportunity to invest in additional solar projects, especially within our core geographic footprint of the Southeastern U.S.”



Source: https://solarbuildermag.com/news/gas-south-to-invest-50-million-in-solar-projects-by-2023/