ET Capital, a subsidiary of ET Solar has closed financing with Geenex, and has started the construction of a 20MW AC – 30MW DC utility-scale project in Halifax County North Carolina.
The project is expected to be commissioned by the end of this year.
Electricity generated by the 30MW DC modules will be sold to Dominion North Carolina Power under a 15-year power purchase agreement.
With this project, ET Capital has shown its partnership strategy of working with its development and EPC partners.
For Geenex and ET Capital, this project is considered as the launch of their entry into the North Carolina solar market.
This kind of calibration will be possible only with the support of a group of partners with a shared vision, said, Dennis She, president, CEO, ET Solar.
This unique project is developed with support from the County, as part of an economic development agreement. Geenex has an extended vision and shows that the industry expects much more from the company, said, Georg Veit, CEO, Geenex.
Besides, the system is coming up on former abandoned Halifax County Airport site, allowing the County to put the property into productive use.
Geenex’s solar center of excellence is coming up adjacent to the plant. This is an education and operation center which will provide training and employment in renewable energy sector along with the solar industry development infrastructure.
On completing the project, Geenex and ET Capital plan to sell the facility to Duke Energy Renewables.
Once the commercial operation starts, the plant will provide a quality, community-centric installation to the growing portfolio of eastern North Carolina solar projects, said Brian Stallman, vice president, Development, Duke Energy Renewables.
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