East Kentucky Power Cooperative (EKPC) CEO Tony Campbell announced a federal investment of up to $1.4 billion to expand renewable energy in Kentucky, transforming how the utility serves future generations. The funding will be used to build solar installations producing 757 megawatts of electricity and improve transmission infrastructure. This investment, part of the Empowering Rural America program, aims to reduce greenhouse gas emissions and operate with less carbon intensity, while maintaining reliability service and competitive rates. The USDA also announced additional funding in the form of tax credits for EKPC.
The announcement was praised by Governor Andy Beshear as one of the biggest investments in the state’s electric infrastructure since the New Deal, emphasizing the economic development potential for companies looking for renewable energy sources. EKPC plans to build solar installations itself by 2031 and is also working on transmission projects to allow more renewables to flow to homes and businesses.
While the majority of Kentucky’s power comes from burning coal, EKPC is aiming to decarbonize its generation portfolio with the help of the New ERA funding. The utility is supporting a lawsuit against federal regulations requiring greenhouse gas emission reductions. Campbell emphasized the need for reliable power while transitioning to cleaner energy sources.
The decreasing cost of renewables and battery storage systems is seen as a step towards a clean energy future, with solar and wind power considered the cheapest form of electricity by the International Energy Agency. The investments in renewable energy are expected to help Kentucky move towards sustainability while maintaining affordability for consumers.
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