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LAKE NORMANECONOMIC DEVELOPMENT

Huntersville solar develops signs second deal in past month


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New Jersey-based Soltage has bought a portfolio of 14 megawatts worth of N.C. solar projects from Huntersville solar developer ReNew Petra and expects to buy another 21 megawatts in the Carolinas by the end of the quarter.

ReNew Petra spokeswoman Samantha Gilman says the first round involves five small solar farms under construction in eastern North Carolina. Those projects have long-term power-purchase agreements already signed with the N.C. Electric Membership Cooperative.

Five additional farms slated for North and South Carolina comprise the second set, Gilman says.

ReNew Petra will be the construction contractor for all the projects. The company will also provide the operations and maintenance services for the solar farms.

"We are pleased to announce our work with ReNew Petra and the North Carolina cooperatives to put additional distributed utility-scale solar at critical infrastructure points on the grid," says Jesse Grossman, Soltage co-founder and CEO. "These assets allow for us to continue to deploy our capital to high-quality renewable energy infrastructure investments, providing economic benefits to the communities in which we are working as well as long-term affordable power to our energy offtake partners."

 

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