North Carolina, United States [RenewableEnergyWorld.com] Progress Energy Carolinas and SunEdison have signed an agreement under which SunEdison will build, own and operate a 1.2-megawatt (MW) solar photovoltaic (PV) plant on the site of the Progress Energy L.V. Sutton Plant near Wilmington and sell the energy produced to the utility for distribution to customers.
SunEdison will build the solar PV array on about 10 acres at the existing power plant site, located off Highway 421. Progress Energy will lease the land to SunEdison for 20 years, the term of the power-purchase agreement (PPA).
The plant is the second megawatt-sized solar project announced by Progress this summer. In June, software company SAS announced it will build a 1-MW solar PV array at its Cary, North Carolina, campus and sell the output under a long-term contract to Progress Energy Carolinas.
“Solar power is an important part of our balanced energy strategy for meeting the region’s needs,” said Lloyd Yates, CEO and president of Progress Energy Carolinas. “We are continuing to pursue cost-effective solar and other renewable opportunities aggressively, and we expect to announce additional renewable energy investments soon.”