Renewvia Makes Renewable Energy Attractive to Investors
ATLANTA, May 30, 2013 -- Renewvia Energy, a leader in
power purchase agreements from the Tennessee Valley Authority, which will
allow installation of photovoltaic systems at generational family-owned
poultry farms in Calhoun, Georgia.
These projects will build on Renewvia's successful installation in 2012 of
nine commercial solar power systems in north Georgia. In some cases, the
renewable energy systems generate greater than 100 percent of the power used
by the host to operate their hatcheries. TVA guarantees the purchase of the
power for 10 years at a premium to the current retail utility rate.
Farms host the solar power systems under a 10-year site lease. When the
lease expires, ownership will transfer to the farms with about 20 years of
life remaining in the system. This allows poultry farmers to control one of
their most significant costs: electricity. Investors are able to realize an
above market return through grants, federal and state tax benefit and
revenue from the sale of electricity.
This is just one way Renewvia is leveraging renewable energy incentives to
make commercial solar power systems profitable for businesses and investors.
The company also develops large commercial solar systems in Arizona, Ohio
and other states where incentives make renewable energy projects appealing
to investors and developers by creating substantial free cash flow.
"We are excited to continue the momentum in the renewable energy market by
procuring even more power purchase agreements with TVA and Georgia's leading
poultry farmers," said Eric Domescik, principal of Renewvia Energy. "We
recognize that the environmental benefits of solar power can only be
realized when projects make financial sense and are attractive to investors,
developers and the host entity that consumes the solar power."
Installation of the latest commercial solar power systems is scheduled to
begin in Calhoun in June.
Renewvia Energy designs and installs commercial and utility solar power
systems. The company provides a complete range of solar energy solutions
including turnkey solar installation, integrated financing and solar
consulting services. Renewvia solar power plants reside in various markets,
interconnecting to multiple utilities under complex and challenging
financings structures. Renewvia's goal is to own and operate solar systems
to maximize return on investment, and provide long-term value to the company
and project investors. As a developer, Renewvia's rooftop, canopy, and
ground-mounted solar arrays provide partners with clean, reliable, and
For more information, visit http://www.renewvia.com.