Duke buys newly-completed, 20-MW solar project in North Carolina

The Duke Energy Renewables unit of Duke Energy (NYSE: DUK) announced Dec. 19 that it has acquired a 20-MW (AC) solar project in Roanoke Rapids, N.C., from Geenex and ET Solar Energy Corp.

The Halifax Solar Power Project, developed in partnership between Geenex, a leading solar energy developer, and ET Capital, an ET Solar energy investment company based in California, was placed into service in December. Duke Energy Renewables will own and operate the site. The project was built on the site of a decommissioned airport in Halifax County.

“ET Solar and Geenex have created a quality solar facility, and we are excited to add it to our more than 60-megawatts of successful operating projects in Eastern North Carolina,” said Duke Energy Renewables President Greg Wolf.

“We are proud of the solar farm we built, but even more exciting is the partnership with the community,” said Georg Veit, CEO of Geenex. “In a unique economic development agreement with the county, we have broken ground on our Solar Center of Excellence, which will provide education about solar power and work in partnership with the schools in the region and Halifax Community Collegeto train solar energy technicians.”

“The solar project will inject an estimated $75 million into Halifax County between 2014 and 2029, and it created more than 150 jobs during peak construction,” said Dennis She, ET Solar president and CEO.

The project is located in Dominion North Carolina Power‘s service territory, and the energy generated from the solar site will be sold through a 15-year agreement with the utility. Dominion North Carolina Power is a doing business name of Virginia Electric and Power, a subsidiary of Dominion Resources (NYSE: D). The system employs 866 AE 3TL string inverters of 23.2KW AC capacity each and has about 100,000 ET Solar and Chint solar modules.

ET Solar had announced Aug. 12 that its U.S. subsidiary, ET Capital, along with Geenex had closed financing and started construction on this project.

Duke Energy Renewables, part of Duke Energy’s Commercial Businesses, is a leader in developing innovative wind and solar energy generation projects for customers throughout the United States. The company’s growing portfolio of commercial renewable assets includes 15 wind farms and 22 solar farms in operation in 12 states, totaling about 1,800 MW.

ET Solar is a leading smart energy solutions provider. With innovative solar technologies and tailored finance solutions, ET Solar provides professional one-stop solutions throughout the entire solar power plant lifecycle that includes development, financing, engineering, procurement, construction, and operations and maintenance.

With a background in the highly developed and competitive German solar industry, Geenex said it has the expertise and know-how to provide and deliver when and where it matter. Working with American partners, Geenex tailors projects and solutions to satisfy the needs of all customers.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.