Korsail is leasing land and building renewable energy projects across Ohio due to the variety of attractive programs allowing us to sell low-cost renewable energy to local communities and utilities. A few are highlighted below.
Community Solar Opportunities
Ohio is poised to become one of the next states in the Central U.S. to adopt community solar legislation. House Bill 197 is currently under review with the Ohio State Legislature promoting a community solar pilot program. The proposed legislation would permit the development of 1,500 megawatts of Community Solar projects across Ohio. Community Solar projects do not require large tracts of land, particularly in Ohio, with a typical project being 20-40 acres.
Utility Power Purchase Agreements
Ohio utilities like FirstEnergy and AEP Ohio have been active recently, clearly stating in their integrated resource plans the ambition to meet clean energy procurement goals and provide opportunities for solar and storage projects. These goals include commitments to the retirement of existing coal generation facilities which currently provide near 50% of their current energy generation, and the investment in renewable energy replacements.
Public Utility Regulatory Policies Act
Renewable energy projects in Ohio can be brought online quickly, with energy rates predetermined and the process for selling the power already in place though Public Utility Regulatory Policies Act (“PURPA”). PURPA laws give us the ability to connect and sell power to utilities at the same cost they currently pay to generate it. PURPA rates are strong in Ohio and can support solar projects as small as 30 acres or as large as 500 acres.
Types of Projects We Develop
Korsail develops a wide range of projects uniquely suited to each utility and piece of land. A few examples are below.
Korsail brings reliable, low-cost solar energy to rural communities across Ohio. Solar is a continuously developing, but commercially tested technology that can help reduce the utility’s monopoly on power generation and their reliance on Brown Fuel generators such as coal.
Korsail develops large-scale battery storge projects that enable us to offer readily available, consistent energy when and where it is most needed. As power demands and generation fluctuate throughout the day in Ohio, storage projects can fill the gaps in generation and keep the lights on. Korsail is at the forefront of the country’s transition to large-scale battery storage.
Korsail also develops Hybrid Solar + Storage projects. We always focus on developing projects which best serve our customers and the local community. Hybrid projects allow for more consistent delivery of energy and are better for the health and stability of the local grid.