SunEdison Inc. and TerraForm Power Inc. have started operating four photovoltaic solar energy plants in North Carolina with a total capacity of 26 megawatts.
TerraForm will sell the electricity generated by the solar power plants to Duke Energy Progress via 15-year power-purchase-agreements. Details of the projects were not disclosed.
SunEdison secured the financing for the systems with federal and state tax equity investors.
“It’s very exciting to turn land that is no longer viable for farming into productive solar farms that will create low-cost, environmentally friendly energy for the residents of North Carolina,” said Ahmad Chatila, President and Chief Executive Officer at SunEdison. “And by using a local workforce to construct the projects, we’ve been able to bolster the local economy.”