CleanCapital, a distinguished clean energy company, has successfully added an impressive 8.5 MW solar project to its operating portfolio in Houston, Alaska. This groundbreaking solar initiative, known as the largest ever built in the state, was masterfully developed and constructed by Renewable IPP (RIPP), an esteemed Alaska-based solar developer. CleanCapital not only financed the project construction but also serves as the long-term owner-operator, making a significant contribution to Alaska’s renewable energy landscape. In addition, CleanCapital’s investment has fostered RIPP’s operations, further accelerating the development of their pipeline projects in the region.

The solar farm, situated on virgin land, was meticulously designed to minimize disruption to the soil and vegetation. Notable features include a strong emphasis on land preservation and a robust engineering approach to withstand Alaska’s challenging weather conditions. To ensure resilience, Affordable Wire Management implemented an innovative above-ground wire strategy, employing rugged metal cable hangers specially engineered to withstand corrosive environments, intense ice, and heavy snow loads.

The Matanuska Electric Association, committed to benefiting its members with cost-competitive power, will purchase the clean energy generated by the project. Additionally, the project received vital financial support from a loan provided by the Alaska Energy Authority.

Although oil and natural gas have traditionally been the bedrock of Alaska’s economy and primary energy sources, both residents and state leaders recognize the urgent need to diversify the state’s energy generation. Presently, South-Central Alaska heavily relies on Cook Inlet natural gas for up to 70%-80% of its power and heat requirements. However, with natural gas resources depleting and energy costs soaring, importation of natural gas is not a sustainable solution.

Until now, Alaska had not witnessed the construction of wind or solar projects on the scale required to meet its diversification and energy supply goals. However, the completion of the Houston solar project signifies a monumental step towards an enhanced energy mix within the state, delivering affordable and sustainable energy to the local community residing in the Matanuska-Susitna Valley.

The landmark completion of Alaska’s largest solar project serves as a testament to the immense potential and undeniable benefits of renewable energy sources in an oil-dominated state. By blazing this trail, CleanCapital and Renewable IPP are paving the way for a renewable energy revolution within Alaska.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.