GreenCo Buying RECs, Power From Duke Energy Solar Project


GreenCo Solutions and North Carolina Electric Membership Corp. plan to purchase renewable energy certificates (RECs) and electricity, respectively, from a new solar project that Duke Energy is acquiring from SunPower in Hertford County.

Ground breaking at the 6.4 MW Murfreesboro Solar Project is expected this spring, and completion is scheduled for the end of the year. GreenCo Solutions, a company owned by 22 electric cooperatives, will buy all RECs generated by the facility to assist its members in meeting their solar power requirement under the state's Renewable Energy and Energy Efficiency Portfolio Standard.

GreenCo executed a 20-year purchase agreement with Duke Energy Renewables, a newly renamed part of Duke Energy's unregulated, commercial business. The electricity produced by the solar farm will be purchased by NCEMC, the power-supply organization for the majority of the state's electric cooperatives, under a 20-year agreement.

SOURCE: GreenCo Solutions

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