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Why Rivian is funding a $1 billion solar project built on a Kentucky coal mine

Heather Clancy of GreenBiz reports that Rivian is funding a $1 billion solar project in Kentucky.

The C3 Take
  • Rivian has signed a 100 megawatt power purchasing agreement in Kentucky.
  • The EV manufacturer will source renewable power from a solar farm that will be built on an abandoned coal mine.
  • The solar project, which will come online in 2027, will eventually generate 810 megawatts of electricity–enough to power 170,000 homes.

“The power purchase agreement was motivated by Rivian’s goal of operating with net-zero carbon emissions by 2040. The EV company is investing in both solar and wind projects to reach that target. It also wants to add low-carbon electricity to local grids that are currently still dominated by fossil-fuel sources.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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