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January 6, 2022

Recurrent Energy to divest 150MWac solar project in Virginia

The acquisition of the Firefly Energy project is said to be Appalachian Power's largest to date.

Recurrent Energy, a subsidiary of Canada-based solar power company Canadian Solar, has agreed to sell its Firefly Energy solar project in Pittsylvania County, Virginia, to Appalachian Power.

Recurrent Energy will build the 150MWac solar project under a build transfer agreement (BTA), after which Appalachian Power will become the project’s long-term owner.

Last month, the Pittsylvania County Board of Supervisors approved the Siting Agreement for Firefly Energy.

Construction works at the site are expected to begin early next year, subject to local and state permits and other regulatory approvals.

Firefly Energy is expected to begin commercial operations in 2024.

Canadian Solar chairman and CEO Dr Shawn Qu said: “The 150MWac Firefly project in Virginia expands our growing footprint across the eastern US, delivering turnkey projects for utilities and other investors.

“We are pleased to have been selected through a competitive process and to be a part of Appalachian Power’s major solar energy expansion.

“We look forward to advancing this project through development and construction, and delivering a renewable solar energy project to Appalachian Power that will help them serve their Virginia customers.”

A subsidiary of American Electric Power (AEP), Appalachian Power currently serves one million customers in Virginia, West Virginia and Tennessee.

The acquisition of the solar facility is said to be the company’s largest to date and will allow Appalachian Power to meet its clean energy requirements under the Virginia Clean Economy Act (VCEA).

Appalachian Power president and chief operating officer Chris Beam said: “This will be our largest solar project yet in our journey to deliver clean, reliable power to our customers.

“We are eager to work with Recurrent and for the significant economic benefits construction will have on the surrounding community.”

Last year, Duke Energy Renewables agreed to acquire the 144MW Pflugerville Solar project in Travis County, Texas, from Recurrent Energy.

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