November 19, 2024 08:00 AM Eastern Standard Time
CHARLOTTESVILLE, Va.–(BUSINESS WIRE)–Adapture Renewables, Inc., a utility-scale solar and energy storage project developer, owner and operator, today announced the completion and commercial operation of Rivanna Solar, a new 14.6 MW solar project in Charlottesville, Virginia. Rivanna Solar is the company’s first project in Virginia and within Dominion Energy’s and PJM’s territories and marks a strategic expansion aligning with the company’s long-term vision to bolster clean energy infrastructure across new U.S. regions.
Power demand in Virginia is growing at higher levels than any time since World War II, in large part due to the state’s data center boom, necessitating the buildout of new utility-scale renewable generation. Rivanna Solar is projected to produce over 21,000 MWh of clean energy annually, enough to power thousands of homes and businesses across the region, and will support Virginia on its path to 100% clean energy to support local and regional needs.
“Rivanna Solar will contribute to Virginia’s goal of using clean power to meet surging demand for energy from rapidly growing data center capacity,” said Zack Zoller, VP of Engineering, Procurement and Construction at Adapture Renewables. “Having successfully navigated development through the unprecedented challenges of the COVID-19 pandemic, this project reinforces our commitment to resilient, sustainable energy projects that serve local communities.”
Supported by incentives under the Inflation Reduction Act, the Charlottesville solar project highlights meaningful engagement with local contractors, the Charlottesville community, and the landowner. The project is expected to stimulate local economic growth, generating over $2MM in state and local taxes over the system’s lifetime and supporting over 150 local jobs during its development and construction phases.
Upon completion of the solar farm’s operational term, the land is anticipated to return to timber farming, having benefited from decades of natural rejuvenation.
For more information about Adapture Renewables, visit the company’s website.
About Adapture Renewables, Inc.
Adapture Renewables, Inc. is a utility-scale solar and energy storage project developer, owner and operator. The company leverages its proven track record, deep domain expertise and comprehensive in-house development, EPC management, legal and project finance services to efficiently and effectively drive projects from origination to long-term operation. Owned by KIRKBI – the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO® brand through generations – Adapture Renewables, Inc. has the financial footing necessary to take a diligent and thoughtful approach to project development and is invested in its projects’ long-term success. The company’s culture of creative problem-solving and shared mission to accelerate the global transition to clean energy contribute to its success deploying, owning and operating solar and energy storage assets across eleven states, along with a pipeline of projects in development across the US. Adapture Renewables, Inc. is based in Oakland, CA. For more information about Adapture Renewables, Inc., visit https://adapturerenewables.com.
Contacts
Leo Traub
[email protected]