New Markets Tax Credit Coalition

Search

Silicon Ranch, Selmer

On June 15, 2017, Pickwick Electric Cooperative, Tennessee Valley Authority, McNairy County Industrial Development Board, and Silicon Ranch officially commissioned and turned on a 10 MWDC solar energy facility in Selmer, Tennessee.

Investment

  • NMTC Amount: $1,163,288
  • Total Project Cost: $24,158,402

IMPACT

  • 223 FTE jobs

Investor

Project Description

On June 15, 2017, Pickwick Electric Cooperative (PEC), Tennessee Valley Authority (TVA), McNairy County Industrial Development Board, and Silicon Ranch officially commissioned and turned on a 10 MWDC solar energy facility in Selmer, Tennessee. The facility generates clean, renewable electricity that is provided to TVA as part of its Renewable Standard Offer (RSO) program. The project utilizes nearly 87,000 state-of-the-art First Solar modules and single-axis tracking technology to optimize energy generation throughout the year. In addition to the first project, on October 5, 2017, Silicon Ranch, PEC, and TVA commissioned a second 20 MWDC solar project 5 miles southeast of the initial 10 MWDC array. Together, these projects generate enough energy to power approximately 4,000 homes each year in the Tennessee Valley. The two solar projects position Selmer, McNairy County, and Pickwick Electric Cooperative as regional and national leaders in economic development via the advancement of solar energy. The distributed generation from these two facilities assist the utilities with managing peak demand and reducing strain on the electrical grid.

MAP

Address: Ervin Hester Road, Selmer, TN 38375

Census Tract: 47109930500

Other Tennessee Projects

NYX Linden, LLC, an automotive parts and components manufacturer, designs and manufactures vehicle components such as door panels, center consoles, grab handles and more. NYX is looking to construct a

ERMCO is headquartered in Dyersburg, TN and is a wholly owned subsidiary of Arkansas Electric Cooperatives, Inc in Little Rock, AR. ERMCO is using NMTCs to equip and expand production

Financing to support the development of a new 19,500 sq. ft. clinic on a six acre site that was previously purchased by Lifespan.
A new facility in Waverly, TN is helping train local workers for stable careers in manufacturing