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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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