Bluffton-based Adger Solar, a clean energy development company, announced Thursday plans to invest $100 million in a utility-scale solar farm project in Aiken County.
The facility, located off Edgefield Highway and about three miles north of Interstate 20, will produce 74 MW(ac) of energy at full capacity, according to a S.C. Commerce Department press release. The facility is expected to be operational by 2019 and produce enough electricity to serve 15,000 homes, the release added.
Power from this project will be sold for under four cents per kilowatt-hour, one of the lowest prices for solar seen yet in the state, Adger Solar Principal William Moore said in a statement.
“Because this price is fixed over the 20-year purchase contract, it should create significant savings for utility companies and their ratepayers,” Moore added. “These long-lived, capital-intensive power projects require close collaboration with our host communities, and we're grateful for their steady support, including in particular the leadership of Aiken County, whose foresight has helped make this project possible."
Adger Solar, which focuses on creating lower-cost, utility-scale, solar-electric generating facilities, has assembled a portfolio of 750 megawatts (MW) of solar projects, the release added.
"We are very grateful for Adger Solar and their decision to locate in Aiken County,” said Andrew Siders, chairman of the Aiken County Council. “They are well-respected in their industry, and we know they will do great things.”
As of first quarter of 2017, Adger Solar has in process approximately 600 MW(ac) of grid interconnection applications and its first two projects are now under construction. Those projects are the 71.4 MW(ac) Solvay Solar Energy project in Jasper County, which is the state’s first utility scale solar project, and the 10 MW(ac) Ridgeland Solar project, also in Jasper County.