Oregon is planning to build a $2 billion solar farm on a 2.5-acre parcel in the Cascade Mountains.
The Oregon Department of Ecology and Forestry and the Portland Solar Center announced plans to construct the solar farm at a ceremony Thursday, and the project’s expected to be completed by the end of the year.
Solar panels will be installed on a 1,100-foot tower.
The solar farm’s goal is to produce enough energy to power about 1,000 homes, according to the Department of Energy’s Office of Solar Energy.
Solar energy could be used to power as many as 1,500 homes by 2050, according a report by the nonprofit Energy and the Environment.
According to the Oregon Department, solar energy was a significant driver of growth in Oregon’s solar industry, with the average installed capacity of a new solar PV system growing from 1,094 MW in 2012 to 1,858 MW in 2016.
The solar sector in Oregon grew from just under 2,000 MW in 2010 to over 4,000MW in 2016, the report noted.
The state’s solar sector is also projected to generate nearly a third of Oregon’s electricity generation by 2050.
Solar companies were awarded more than $1 billion in federal stimulus funding to invest in Oregon solar projects, according the Oregon Solar Energy Association.
The project’s completion is the second in the Pacific Northwest.
In 2014, the Oregon Legislature approved the first Solar Eclipse Celebration, which brought over 5,000 solar installations to the state.
In 2017, the state approved the third Eclipse Celebration to take place in 2018.
The governor said during the event that Oregon’s new solar industry is poised to “be the industry of the future,” with solar jobs expected to exceed 400,000 in the next decade.