Real estate and energy financial services company Churchill Stateside Group LLC (CSG) has completed the Churchill Stateside NC Tax Credit Fund LLC, a $34.3 million North Carolina state renewable energy tax credit fund.
According to CSG, the NC Tax Credit Fund will be combined with other financing sources to build 32.5 MW of solar energy farms throughout North Carolina.
The company says these ground-mounted solar farms, commissioned in the second and third quarters of this year, are utility-scale, with each one covering approximately 40 acres.
CSG notes that a cumulative total of about 135,000 solar panels will be installed, and the solar farms as a whole will generate over 47,000 MWh of electricity per year.
