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Two new solar farms in the works

Clean Energy Pathways, Inc. and H&T Holdings have signed a letter of intent to jointly develop two one-megawatt solar farms in Tennessee.

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The first two systems will produce an estimated  $16.5 million in revenue over the next 20 years. The initial project will be located approximately 30 miles north of Chattanooga, Tenn., on 30-70 acres of land situated for maximum exposure to sunlight.

Once the site is completed, the companies also have an option to build two additional one-megawatt systems.

"This is an exciting time for our company as our solar development plans unfold," said J. Michael Parsons, CEO of Clean Energy Pathways.

"This agreement brings us another step closer to our goal of 50 megawatts of solar electric generation capacity in 2011. From an operational standpoint, this is an excellent plan. The strategy of grouping one-megawatt systems gives more flexibility for the grid. It also gets the generating capacity on line in a shorter amount of time, compared to a single large project on one piece of real estate."

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