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Principal Solar Continues to Expand by Acquiring a 3MW Solar Power Plant in Fayetteville, Tennessee

published: 2013-06-20 17:40

Principal Solar, Inc, a publicly traded solar energy holding company executing a unique roll-up strategy to create the world's first distributed solar utility, announced on June 19th, 2013, its most recent acquisition: the 3MW Powerhouse One, LLC (PH1) solar power farm – four 750kW ground-mounted PV systems located in Fayetteville, Tennessee, cumulatively operating as a 3MW ground-mounted PV system. PH1 is one of the largest operating PV systems in Tennessee. Built by vis solis, Inc. the Franklin, TN based U.S. subsidiary of vis solis, GmbH, a solar development and integration company, and commissioned in November of 2011, PH1 carries a 20-year agreement with Fayetteville Public Utilities that is backed by the Tennessee Valley Authority’s (TVA) Generation Partners Program.

Carlos Mayer, president and CEO, vis solis says, “vis solis and PSI share the same vision: to convert the power of the sun, the most abundant sustainable energy resource on earth, into competitive, reliable and environmentally-friendly electricity. We are delighted to team with PSI and to be a part of PSI’s move into the Tennessee Valley region as it demonstrates its leadership and commitment to solar energy.”

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