McNew Renewables, subsidiary of Seahorse Capital, announced this Monday its plans to develop a solar project in Washington County, in the state of Mississippi. Initial investment will contemplate $165 million into new operations.
Firstly, the farm will be located in Glen Allan, on existing agricultural land. Its total capacity will be around 200 megawatts of power. Additionally, it has the option to interconnect an energy storage system for further 100 MW, to a total of 400 MW-hours.
Secondly, total output of the facility will be enough to power 40,000 Mississippi homes. The project will be operational by 2024.
Thirdly, the project will support the area with clean energy, and demonstrates McNew Renewables commitment to the growing renewable energy sector of the Washington County.
In addition, Kevin Casey, President and CEO of McNew Renewables, said. “We appreciate the help and support of the Washington County Board of Supervisors, county administration and the Washington County Economic Alliance to make this environmentally friendly solar energy project a reality”.
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McNew Renewables and Seahorse Capital with a renewable energy commitment
He also added. “We look forward to continuing to work with and support the County and the Economic Alliance to promote additional economic development projects in the area and to being a long-term member of the community.”
On the other hand, Carl McGee, President of the Washington County Board of Supervisors, stated. “On behalf of the board and all the citizens across Washington County, we thank you for your confidence in us; for your decision to bring this project to south Washington County. We also look forward to a long and successful relationship.”
Indeed, since its foundation in 2019, Seahorse Capital has been committed to developing and funding sustainable, and renewable energy projects; specifically, solar energy farms. As to now, it has developed projects in Alabama, Tennessee, South Carolina, Kentucky, and more.
Finally, Casey concluded. “Solar farms provide clean energy; and serve also as a renewable energy resource. Furthermore, McNew Renewables’ commitment to Washington County demonstrates a new growing sector in our area. I also applaud The Washington County Board of Supervisors and McNew for capturing and creating a pro-business climate for clean energy to maximize investments.”