Online royalty marketplace Royalty Exchange has offered an investment opportunity in a North Carolina-based solar farm.
The new 1.4-megawatt farm went into operation earlier this year and is being offered for sale at $3.5 million.
The solar project is eligible for state and federal tax credits, the company has reported and added that it has the potential to fetch $6 million.
Further explaining the potential for investment in the farm, Sean Peace, the CEO of Royalty Exchange, said North Carolina was leading a solar boom in the US.
The state added the second most new solar capacity in the US last year. Solar Energy Industries Association (SEIA) said in a statement that North Carolina added 397 megawatts of solar electric capacity, bringing its total to 953 MW in 2014.
The capacity was more than the installed capacity of entire USA as of 2007. For instance, the Tar Heel State has more installed solar capacity than Oregon and Washington combined.
“The solar power marketplace offers a wide range of financial options for solar power companies, such as monetizing their PPAs, offering up their tax credits or leveraging their SRECs. On all fronts we are helping to fulfill the growth by unlocking capital for the facilities,” Peace said.
Ajith Kumar S
editor@greentechlead.com