Originally published by Silicon Ranch Corporation
NASHVILLE, TENN (APRIL 11, 2023) – NT Solar, a nationwide solar tax credit syndicator and investor, joined Silicon Ranch Corporation, Vanderbilt University, Nashville Electric Service (NES), and Tennessee Valley Authority (TVA) today to “flip the switch” on the Vanderbilt I Solar Farm, a 35-megawatt (MWAC) solar facility located in Bedford County, Tennessee.
NT Solar, a subsidiary of the National Trust Community Investment Corporation (NTCIC) and an affiliate of the National Trust for Historic Preservation, provided syndication and investment services for the Solar Investment Tax Credits (ITC) generated by the development through their Climate Impact and Revitalization Fund. Karin Berry, Managing Director of NT Solar, and Suzanne Brown, Interim President of NTCIC, attended the event to share in the celebration. Read more about our investment here.
“NT Solar is delighted to be part of the Vanderbilt I Solar Farm project, a testament to the powerful synergy of community and renewable energy,” said Karin. “Our collaboration with Silicon Ranch Corporation embodies our shared dedication to bolstering local economies, fortifying communities, and restoring environmental health. This project not only brings renewable energy on a substantial scale but also opens up job opportunities, prioritizing local residents and the military veteran community. It truly illustrates the impact that strategic renewable energy initiatives can have on a community, and we are thrilled to play a part.”
“The Vanderbilt I Solar Farm not only represents a major step toward our own goals at Vanderbilt but also provides a model of collaborative, forward-thinking solutions that we hope other higher educational institutions will adopt and replicate across this country,” said Daniel Diermeier, Chancellor of Vanderbilt University. “We look forward to the educational and research opportunities this project and our pursuit of carbon neutrality will yield for our faculty and students at Vanderbilt. We thank Silicon Ranch, NES, and TVA for supporting us on this bold journey.”
“TVA is proud to dedicate the first project ever developed under our Green Invest program, and we are thrilled to do so with NES and Silicon Ranch,” said Justin Maierhofer, Regional Vice President at TVA. “Together with 153 local power company partners, TVA is building the energy system of the future, and Green Invest positions us to bring together customers and renewable energy partners who are investing in communities across the Tennessee Valley.”
“As one of the eleven largest utilities in the nation, NES is committed to listening to the needs of our customers, and the Vanderbilt I Solar Farm illustrates our ability to innovate in response to help our customers achieve their desired outcomes,” said Teresa Broyles-Aplin, President and CEO of NES. “NES is proud to collaborate with Vanderbilt, TVA, and Nashville’s own Silicon Ranch to reduce carbon emissions in our region.”
“Bedford County wishes to thank Vanderbilt, Silicon Ranch, NES, and TVA for making this substantial investment in our community possible,” said Chad Graham, Mayor of Bedford County. “We are pleased to welcome Silicon Ranch, who not only built this world-class facility, but also collaborated with the Shelbyville-Bedford Partnership to support our successful efforts to bring Duksan Electera here as well.”
About NT Solar
NT Solar, a women-led subsidiary of the National Trust Community Investment Corporation, raises and manages solar investments that create meaningful community impact and cost-effective energy options nationwide. Since its inception in 2010, NT Solar has provided tax credit financing of over $650 million in capital for transactions nationwide, with a focus on the growing Community Solar market. Our varied network of partners and extensive experience in diligence and structuring provides our developers with competitive pricing and stable returns for our investors. To learn more, visit nt.solar.
About Silicon Ranch
Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. Silicon Ranch has the largest utility scale agrivoltaics portfolio in the country under Regenerative Energy® its nationally recognized holistic approach to project design, construction, and land management. This model incorporates regenerative ranching and other regenerative land management practices to restore livelihoods and soil health, biodiversity, and water quality. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while helping to bring renewable energy and economic development to distressed communities. To learn more, visit siliconranch.com and clearloop.us.
About Tennessee Valley Authority (TVA)
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power companies, serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation, and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.
About Vanderbilt University
Vanderbilt University is a globally renowned research university located in Nashville, Tennessee. Ranked No. 13 among national universities, Vanderbilt offers an immersive living-learning undergraduate experience, with programs in the liberal arts and sciences, engineering, music, education, and human development. The university also is home to nationally and internationally recognized graduate schools of law, education, business, medicine, nursing, and divinity and offers robust graduate-degree programs across a range of academic disciplines. Vanderbilt is committed to inclusive excellence, drawing the world’s brightest students, faculty and distinguished visitors from across all cultural and socioeconomic backgrounds, and provides a collaborative atmosphere of discovery that drives positive change in the world. Learn more at www.vanderbilt.edu.
Nashville Electric Service (NES) is the 11th largest public electric utility in the nation, distributing energy to more than 420,000 customers in Middle Tennessee. For more information, visit nespower.com or nespowernews.com.