GPC Commits to Large Solar Installation, Applauds Agreement between MPW and Nokomis Energy
MUSCATINE, Iowa (Tuesday, November 15) -- On Tuesday Grain Processing Corporation (GPC) attended the signing of a Power Purchase Agreement (PPA) between Muscatine Power and Water (MPW) and Nokomis Energy, a Minneapolis-based energy developer. Nokomis Energy is the developer of Muscatine's first large-scale solar installation, named "Solar 1".
GPC signed on as an anchor tenant, with a long-term commitment for a share of the output of the new solar project. GPC looks forward to continuing to diversify its energy portfolio as a result of this PPA.
Construction on the 24-megawatt solar installation at MPW’s Grandview Avenue Wellfield is anticipated to begin in Q4 of 2024, with an operational target of Q4 2025.
More information, and local coverage:
About Grain Processing Corporation
GPC's primary products include high purity alcohol, corn starches and maltodextrins. GPC sells to customers that use GPC ingredients for beverage alcohol, food products, nutraceuticals, pharmaceuticals, personal care and industrial starch applications.
About KENT® Corporation
KENT is a diversified, privately-held corporation with operating subsidiaries involved in corn wet milling, the production of animal nutrition and the manufacture of high-quality food, beverage, pharmaceutical and pet products. KENT is led by third-generation family member Gage A. Kent. The KENT family of companies serves customers across the world and employs more than 2,000 people in 40 locations across 20 states and seven countries.