Renewable energy project program scale cut by TVA

The Tennessee Valley Authority (TVA, NYSE: TVC) cut the maximum project size of its Generation Partners renewable energy initiative from 200 kW to 50 kW after September 16, citing rapid growth that outpaced the program’s ability to keep up.

The change does not affect current incentive levels, which will continue through 2012. TVA said it also will evaluate projects greater than 50 kW that are submitted by September 16.

TVA launched Generation Partners as a pilot plan in 2003. Under the program, TVA pays incentives to spur small-scale renewable projects. The growth of solar in the region in 2010 caused the pilot to outgrow the Green Power Switch program which sold renewable energy “blocks.”

TVA had 619 Generation Partners projects as of July, totaling more than 23 MW of solar, wind and biomass generation. Another 213 projects, representing another 45 MW of capacity, were approved by TVA and in various stages of construction.

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