TVA Board Meeting - FY24 Financial plan and budget- Reso-Memo
Renewable Energy Overview and Strategy (1/2)
Overview TVA expects to add 10,000 MW of solar by 2035, of which 3,166 MW are currently operating or committed TVA released a carbon-free energy request for proposals in summer 2022 and plans to pursue all viable (determined by TVA) solar, solar paired storage, and stand-alone storage projects from this RFP The Commercial Transactions Contracting Plan delegates authority to the CEO to enter into contractual arrangements to purchase and sell renewable energy in quantities sufficient to meet the needs of customers Risks Costs remain high due to supply chain constraints, global conflict, and Department of Commerce investigation Current timeline between solar contracts being signed and projects coming online Generation portfolio must evolve to integrate significant intermittent energy and maintain system reliability Lack of dedicated resources to address current backlogs and forthcoming increased workload
TVA Restricted Information - Deliberative and Pre-Decisional Privileged
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