Village Farms announces renewable energy development
Village Farms formed a partnership with SolarCity and MP2 Energy to build a 2 megawatt solar array adjacent to its greenhouse.
Village Farms L.P., the Monahans, Texas-based subsidiary of Village Farms International, Inc. formed a partnership with SolarCity, San Mateo, Calif., and MP2 Energy, The Woodlands, Texas, to build a 2 megawatt solar array adjacent to Village Farm’s 30-acre Permian Basin Division greenhouse. The solar system is expected to provide the facility with nearly all of its daytime electricity needs and generate more than 82 million kilowatt-hours of power over the life of the system.
Through a power purchase agreement, Village Farms will pay SolarCity for the electricity the solar installation generates. The project allows Village Farms to fix its daytime electricity costs at a low rate, comparable to its current electricity rate, and avoid future increases in energy, demand or congestion charges.