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

Renovation and expansion of 32,921 sq. ft. of space for the YMCA, supporting new community goods and services.
This project supported the equipment purchases and revitalization of an abandoned facility to be utilized for manufacturing personal care products. In addition to the direct jobs created at Ampro a
With the help of Reinvestment Fund and SunTrust Community Capital, the nonprofit was able to leverage a successful capital campaign through a NMTC financing structure to finance a new medical
Development of a 188,740 sq. ft. facility for sale, service, training and parts distribution for diesel trucks.