Developers Halt Multiple Solar Energy Projects in Southcentral Alaska
Developers have recently paused several solar energy initiatives in Southcentral Alaska, attributing the decision to rising costs and federal uncertainties.
One of the most significant projects, the Nikiski solar farm, was poised to become Alaska’s largest solar installation. With a capacity of 45 megawatts, it was projected to supply approximately 10% of the energy needs for Homer Electric and could power around 9,000 homes on the Kenai Peninsula. The electricity generated from this solar project was expected to be sold at a price lower than the current cost of natural gas, the primary energy source for Homer Electric. This pricing strategy aimed to help stabilize future energy rates for consumers.
Chris Rose, the head of the Renewable Energy Alaska Project, expressed disappointment over the uncertain future of these solar initiatives. He emphasized the urgent need for new renewable energy sources to conserve the dwindling natural gas reserves from Cook Inlet. According to Rose, increasing reliance on gas imports could lead to a price hike of at least 50%. He stated, “Every electron that we can produce with local renewable energy is an electron we don’t have to import with natural gas.”
As these projects face delays, the overall energy landscape in the region remains precarious, highlighting the importance of investing in renewable alternatives to ensure energy sustainability.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/developers-halt-major-solar-energy-projects-in-southcentral-alaska-due-to-costs-and-political-factors/
