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RENEWVIA ENERGY
RENEWVIA ENERGY
USDA PACE Program
In early 2024, Renewvia was awarded $65.7M in project debt through the USDA's Powering Affordable Clean Energy (PACE) initiative which is a one-time $1 billion solar incentive program. ​
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More information on the program specifics from USDA can be found here.
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As of Q4 2024, Renewvia has allocated about 17% of the total award totaling about 6MW in Mississippi. More details on each allocation included below.
Water Valley
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$6M Loan signed for 3.15MW
PPA Rate: $0.063 with 1.9% escalator
Key Dates
Notice to Proceed: 12.01.24
Commercial Operation Date: 04.01.25
Status
PPA: Signed
Land: Committed
City of Aberdeen
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$5M Loan signed for 2.8MW
PPA Rate: $0.0695 with 1.9% escalator
Key Dates
Notice to Proceed: 12.01.24
Commercial Operation Date: 04.01.25
Status
PPA: Imminent
Land: Committed
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