CHARLOTTE, NC—San-Francisco-based Ecoplexus, Inc. reports it has closed on the financing and has begun construction on three solar photovoltaic projects in the state of North Carolina.
The three plants represent approximately $40 million in project costs. Each of the plants have signed long-term purchase agreements contracts with Duke Energy Progress and are expected to begin commercial operation this year.
The three projects, Langley PVI in Wilson County, NC; Carter PV1 in Richmond County, NC; and Pecan PV1 in Cumberland County, NC, are the first Ecoplexus projects in North Carolina to commence construction. Over the last two-and-a-half years, the company has developed a pipeline of 30 additional projects in North Carolina representing more than 300MW, which it expects to construct in 2015 and 2016.
"After constructing 40 solar PV projects in other states, it's exciting for Ecoplexus to break ground on the first projects in our North Carolina portfolio," says Erik Stuebe, president of Ecoplexus. "We are planning an aggressive construction schedule in North Carolina and we expect to construct and commission approximately 40 MW per calendar quarter over the next two years. We're very pleased to play a role in providing clean, renewable energy at competitive rates to the grid."
When fully operational, the three projects that have broken ground will provide clean energy for an average of 1,425 homes in North Carolina and an annual reduction of 24,263 tons of carbon dioxide, which is equivalent to the reduction of 2.5 million gallons of gasoline consumed, company officials say.
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