San Francisco-based Ecoplexus Inc. has closed financing and started construction on three solar photovoltaic projects totaling 21 MW in North Carolina.
The Langley PV1, Carter PV1 and Pecan projects equal $40 million and have signed long-term power purchase agreements contracts with Duke Energy Progress. Ecoplexus expects the solar farms to achieve commercial operations later this year.
Notably, the projects represent the company's first to commence construction in North Carolina. Over the last two-and-half years, Ecoplexus says it has developed a pipeline of 30 additional projects in North Carolina representing over 300 MW, which it expects to construct in 2015 and 2016.
‘After constructing 40 solar PV projects in other states, it's exciting for Ecoplexus to break ground on the first projects in our North Carolina portfolio,’ says Erik Stuebe, president of Ecoplexus. ‘We are planning an aggressive construction schedule in North Carolina, and we expect to construct and commission approximately 40 MW per calendar quarter over the next two years."
