Progress & MP2 Capital Plan 2.3-MW Solar Array

Progress Energy Carolinas has signed an agreement with MP2 Capital under which MP2 will build and operate a 2.3-megawatt (MW) solar photovoltaic (PV) array in Laurinburg and sell the output to Progress Energy Carolinas for distribution to its customers.

The proposed solar PV array is expected to come online within the next six months. A final location for the array has not yet been decided. MP2 Capital is developing the project with groSolar and local development partner Birdseye Renewable Energy in Charlotte.

The project, which must still be approved by the Laurinburg Planning Board and City Council, will be the sixth and largest solar array project planned by Progress Energy Carolinas, bringing the total amount of solar-generated electricity scheduled to be purchased by the company to more than 7 MW.

“We believe that North Carolina represents an attractive market for solar development. We are pleased to partner directly with Progress Energy Carolinas on this exciting project that will enable them to deliver renewable energy to their customers,” said Mark Lerdal, CEO of MP2 Capital.

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