Capital Power executes 20-year PPAs for three solar projects in North Carolina
Capital Power Corporation has executed 20-year power purchase agreements with Duke Energy Carolinas for three solar development projects located in North Carolina totaling 160 megawatts (MW). The solar projects consist of Hornet Solar (75 MW), Hunter’s Cove Solar (50 MW), and Bear Branch Solar (35 MW). Construction of the solar projects is expected to begin in late 2021 or early 2022 with commercial operations expected in the fourth quarter of 2022.
Palladium Energy LLC and Renewable Energy Services LLC assisted Capital Power on the project while the company continues to optimize project design, build cost, and tax equity financing. The initial build assumption includes US$198 million to construct the solar projects. Capital Power expects to finance the solar projects using debt and tax equity.
Country updates
-
-
October 21, 2020
Scout to develop 850 MW wind-solar-battery project in USA
wpd and Scout Clean Energy have planned to add solar and battery storage components to a proposed wind farm that would be located just south of the Tri-Cities in Benton County, Washington, USA. T...
Read more -
October 20, 2020
AECOM divests its Power construction business
AECOM has closed the sale of its Power construction business to affiliates of CriticalPoint Capital, LLC. AECOM delivers professional services throughout the project lifecycle – from planning,...
Read more -
October 20, 2020
Lightsource BP starts operation of 70 MW Nitanny solar project in Franklin County
Penn State University has begun purchasing renewable electricity generated from three Lightsource bp solar farms that have completed construction in Franklin County. The projects were initiated in ear...
Read more -
October 19, 2020
Sunpin Solar signs PPA for 98 MW Titan Solar 1 project in Imperial County
Sunpin Solar has signed a power purchase agreement (PPA) for the entire power output of the 98 MWp Titan Solar 1 project in Imperial County of California, USA. The unnamed power purchaser will...
Read more -
October 16, 2020
OPC enters deal with unit of Kenon Holdings for stakes acquisition
Kenon Holdings Ltd.'s subsidiary OPC Energy Ltd. has executed an agreement with CPV Group LP, an entity in which OPC holds a 70% stake, for the acquisition of Competitive Power Ventures group from Glo...
Read more
