Native American Group Partners for RE

Southern States Power Co, a member of the National Biodiesel Board, has entered into a global strategic alliance with the Council of Energy Resource Tribes (CERT), a body consisting of American Indian Tribes and Canadian Indian Nations, to develop and invest in Renewable Energy projects.

Riverside, California – February 6, 2003 [SolarAccess.com] Southern States Power Co, a member of the National Biodiesel Board, has entered into a global strategic alliance with the Council of Energy Resource Tribes (CERT), a body consisting of American Indian Tribes and Canadian Indian Nations, to develop and invest in Renewable Energy projects, particularly those that focus on electricity generation using clean renewable resources, such as wind and solar. The agreement outlines each party’s role in the development of power projects in the 25 megawatt (MW) range utilizing Renewable Energy systems. CERT and Southern States have agreed to work together for an initial one-year period to co-develop a Renewable Energy project with an option by both parties to develop additional opportunities as they present themselves in the future. “The utilization of alternative fuels to complement other Renewable Energy resources, such as wind and solar power, brings additional credence to Southern State’s pursuit of long-term power purchase agreements for its portfolio investment companies and is expected to be a substantial revenue source for Southern States, ” said Harrison A. McCoy, III, president and chief executive officer of SSPC. Under the terms of the agreement, CERT will pursue federal grants and contracts for Renewable Energy development and equity investments in project development in cooperation with Southern States. Certain incentives exist for American Indian groups to develop energy projects, including federal tax credits and federal funding assistance through the Energy Policy Act of 1992. “Once such agreements are secured, the construction of large-scale biodiesel production facilities will be necessary to meet the demand for biodiesel in the generation of electricity, to say nothing of the increasing on-road demand for alternative fuels,” said McCoy. “It is through unions such as this that Tribes and the energy private sector can work together to bring clean energy into America’s energy marketplace,” said A. David Lester, executive director of CERT. “By developing our Tribal energy resources we help alleviate the dependency on foreign energy sources while advancing Tribal sovereignty through social and economic progress.”

No posts to display