The farm will be the second of its kind and becomes the largest solar grid in the Matanuska-Susitna Borough, as well as the state.
CEO of MEA Tony Izzo said the cost to purchase the power is lower than anything they generate themselves and helps diversify their fuel supply portfolio, making them less reliant on natural gas.
This particular project is not expected to lower the price of electricity for MEA customers, but it is cost-competitive with MEA generation which helps stabilize rates.is an Alaskan-grown company started by a group of four engineers in 2017. CEO Jenn Miller said she and her three partners worked in the oil and gas industry when they realized the potential solar power had in delivering low-cost energy to Alaskans.
According to Miller, the useful life of a solar panel is close to 40 years, if not more. The bifacial panels are also designed to harness the reflective light off the snow, gathering energy during the winter months.
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