Salt River Project today announced plans to add 1,000 megawatts (MW) of new utility-scale solar energy to its system by the end of fiscal year 2025. The plan will accelerate both the pace and total capacity of SRP’s current solar energy resource plans by 700 MW compared to current resource plans during the same timeframe.
“This proposal represents a growing commitment to sustainability that is both reliable and affordable,” said SRP’s CEO and General Manager Mike Hummel. “It focuses on investments in utility-scale solar projects that have higher solar capture efficiencies and therefore provide optimal value for our customers.”
According to Hummel, the costs for solar energy continue to decrease – making this the right time to increase investments. In addition, a recent study has determined that SRP’s grid is prepared to reliably handle the addition of 1,000 MW of solar power.