Adger Solar becoming leader in South Carolina for utility scale solar projects

Adger Solar, the leading developer of utility scale solar projects in South Carolina, announced that its first two solar generating projects are now under construction in Jasper County, as part of a transaction with Dominion.

A 71.4 megawatt solar farm – to be South Carolina’s largest – and a companion 10 megawatt array, are both located in Jasper County, S.C., and are expected to enter service in 2017. Conceived of and developed by Adger Solar, these two facilities each have entered into a power purchase agreement (PPA) with South Carolina Electric & Gas (SCE&G), and were recently acquired by Dominion.

The 71.4 MW facility, now known as the Solvay Energy Center – Jasper County, will occupy a nearly 900-acre site that will remain owned by Adger Solar and leased to Dominion.” Solvay, an international chemicals and advanced materials company with U.S. sites, among others, will purchase the associated renewable energy credits produced by this facility.

“Jasper County is showing South Carolina that large-scale solar can be built and sustained in all 46 counties across the Palmetto State,” said Bill Moore, principal of Adger Solar. “Adger Solar has been working in South Carolina since 2014 and we are actively pursuing multiple additional projects throughout the State. These projects would provide both tax revenue and new jobs to local communities as well as clean power to the citizens and companies of this state.”

The Adger Solar team is one of the most experienced project development companies active in the southeastern U.S., having been involved in the financing and development of over 3,000 MW of clean energy projects now in operation in the Midwest, the northeast and the mid-Atlantic utility markets. In addition to the multiple utility-scale solar projects Adger is developing elsewhere in South Carolina, a fully-permitted second phase of the Jasper County project is ready to go, planned to interconnect to an adjacent Santee Cooper transmission facility.

Adger leverages economies of scale in developing, financing and constructing large-scale solar projects; and consequently it can offer clean electricity under avoided-cost power purchase contracts at a price that is lower than any other new source of generation available in the region.

In addition to creating savings for electric ratepayers, these avoided-cost contracts also make it possible to sell renewable energy credits to satisfy the sustainability goals of many of the new large industrial companies that are moving to and/or expanding their operations in South Carolina.

Adger Solar is a joint venture with one of the nation’s oldest and most successful private energy investors which has participated in the development of over 10,000 MW of operating wind and solar energy projects in the United States, with another 2,400 MW set to come online by the end of 2017.  Adger Solar is in the business of creating lowest-cost solar-electric generating facilities by focusing on project fundamentals, such as finding optimal utility interconnection points where an injection of new energy and capacity will create the highest value for the electric grid. Adger Solar also seeks to exploit economies of scale in each stage of project development, finance, construction and operation in order to attain the lowest LCOE from any new source of electricity in the region. www.adgersolar.com