UA system signs second largest solar agreement among public universities
Scenic Hill Solar and the University of Arkansas System have signed one of the largest solar power agreements among public higher education institutions in the country.
The deal will result in nearly $150 million in cost savings for the UA system over 25 years while also providing solar industry educational and training programs, according to a press release.
The partnership, which includes the addition of 74 megawatts of solar capacity, is the second largest by an American public university and the third largest university initiative in the country.
Twenty-four separate solar power plants will be constructed as part of the project. Scenic Hill Solar CEO and former Arkansas Lt. Gov. Bill Halter said his company will invest more than $100 million into the power plants’ construction.
“This project is a testament to their commitment to reducing costs, environmental sustainability and economic development in Arkansas,” Halter said. “We are proud to partner with UA on their groundbreaking initiative, which will create jobs, reduce carbon emissions and provide education and training opportunities for the solar industry.”
Scenic Hill Solar, Arkansas’ largest independent solar developer is based in Little Rock. It will build, own and operate the planned solar power plants. The company will also assist the UA System in the development of solar training, education and research opportunities for UA students and faculty.