The developer did not name the financing source or provide terms of the transaction. It says the three projects - Langley PV1, Carter PV1, and Pecan PV1 – will cost $40m to build.
Duke Energy will purchase power from the projects under long-term contract.
Ecoplexus President Erik Stuebe says the projects will help lock-in low long-term energy rates for North Carolina consumers and provide a hedge against rate increases from natural gas and other fossil fuel sources.
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