Crazy Army Greenies! U.S. Army Embarks On $7 billion Renewable Energy Program

The U.S. Army has embarked on an ambitious $7 billion series of utility-scale renewable energy projects.

The new program will build twenty utility-scale renewable energy installations that rely on a mix of solar, wind, geothermal, and biomass power. The installations will be constructed on land owned by the Department of Defense, at Army bases throughout the U.S.

The program calls for the Army to use its land as equity to leverage about $7 billion in private investment for the twenty projects.

The Army’s goal is to provide its bases with reliable energy sources that are insulated from price spikes, shortages and grid disruptions.   Rather than paying up front for the installations, the Army will utilize Power PurchaseAgreements wherein private companies would build the renewable energy installations in exchange for a commitment from the Army to purchase the energy. 

Read more at TPM Idea Lab