Alaska Energy Authority invests $4.9M in state’s largest solar farm

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Alaska Energy Authority invests $4.9M in state’s largest solar farm
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Residents of the Matanuska-Susitna Borough will get a lot more power from the sun next summer, as a massive solar project reaches completion with help from an Alaska Energy Authority loan.

Residents of the Matanuska-Susitna Borough will get a lot more power from the sun next summer. That’s when construction is expected to finish in Houston on what will be the state’s largest solar farm, projected to produce enough energy to power 1,400 homes.

Curtis Thayer is Executive Director at AEA and says renewables like solar help offset Railbelt communities’ reliance on natural gas. Thayer says the state and the governor want to reduce carbon emissions, but that won’t happen overnight. Thayer says the added renewable power will not raise costs for consumers and will even stabilize rates, especially in the long term. That’s possible because the price of solar has fallen rapidly in recent years – dropping 80-90% over the last decade, according to Jenn Miller, CEO of Renewable IPP.

“The perception is, ‘Solar in Alaska? You must be crazy!’ But given the dramatic price decrease in the technology as it’s deployed more and more around the world, that’s what now makes it a viable technology here in this northern state,” Miller said.

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