In an effort to increase the production of solar energy in Oregon, SPI Energy Co. Ltd. took over the Cork solar project. Expected to produce upwards of 1.89-megawatts of solar energy in Oregon, the Cork solar project was originally announced as a framework agreement for the acquisition of multiple solar projects in the state. The project consists of ground-mounted solar panels located in Clackamas County, OR.
SPI Energy works globally to make green energy solutions available to utility, business, residential, and government customers. Its acquisition of the Cork solar project further improves its ability to expand the reach and efficiency of Oregon’s community solar.
Xiaofeng Peng, CEO of SPI Energy, spoke on the Cork project, stating: “[W]e believe our Oregon portfolio will continue to be a core part of our business for years to come.” He went on to discuss the Oregon Community Solar Program’s progress and the ability to provide Portland General Electric (PGE) customers with low-cost options for electricity through the community solar gardens.
The Cork solar project is part of the Oregon Community Solar Program, a newly formed initiative hoping to make solar power more accessible to customers of Portland General Electric (PGE), Pacific Power and Idaho Power. The program allows individuals to sign up and, for a variable fee, become part of Oregon’s community solar. It even offers options for low-income households for a reduced service fee.
As of the fourth quarter of 2019, Oregon state received 1.47% of its electricity from residential and community solar. According to the Solar Energy Industries Association, the projected growth of solar energy production is expected to increase to 1,039 megawatts over the next five years. SPI Energy’s involvement in the Cork solar project is sure to help achieve that goal.