The Tennessee Valley Authority (TVA) has entered a 10-year power purchase agreement (PPA) with Argo Infrastructure Partners and Brookfield Asset Management. The deal covers hydroelectric power from the Smoky Mountain Hydroelectric facilities, including the Cheoah, Calderwood, Chilhowee, and Santeetlah dams, located in eastern Tennessee and western North Carolina.
The agreement will provide 377MW of clean energy starting in 2025. Over the next decade, the Smoky Mountain hydro facilities will deliver over 14GWh of carbon-free energy, supporting TVA’s goal to reach net-zero emissions by 2050. This output is equivalent to avoiding about 1.1 million tons of CO₂ emissions annually.
“TVA appreciates this partnership that enables more reliable, clean megawatts to be available when they’re needed,” said Chris Hansen, TVA Vice President of Origination and Renewables Solutions. “We have a long history of effectively using hydroelectric power to provide affordable, reliable energy to our region, and this agreement builds on that success.”
Jason Zibarras, founder of Argo, noted: “We are delighted to partner with Brookfield on this landmark PPA with TVA, set to deliver over 14 GWh of renewable energy and avoid 11 million tons of CO₂ emissions for TVA’s customers over the next ten years.”
Brice Soucy, Argo Senior Director, added: “This agreement strongly supports the region’s energy transition goals, where unprecedented growth in data centers, manufacturing, and other industries has increased the demand for carbon reduction and renewable energy options.”
Stephen Gallagher, CEO of Brookfield Renewable North America, stated: “We are thrilled to partner with TVA and deliver clean power solutions at scale to accelerate the energy transition. We are well positioned to meet increasing demand for power from digitalization and electrification with one of the largest renewable power platforms in the U.S., including our strategically important portfolio of hydro assets that can provide scale dispatchable clean power.”
TVA serves a growing service area, and this agreement supports its long-term strategy to enhance reliable, renewable energy for the region.
