Progress Energy, MP2 Capital Partner On North Carolina PV Plant


Progress Energy has signed an agreement with MP2 Capital in which MP2 will build and operate a 2.3 MW solar PV array in Laurinburg, N.C., and sell the output to Progress Energy Carolinas for distribution to its customers.

MP2 Capital, a renewable energy financing firm based in San Francisco, is developing the project with groSolar, a national solar installer and distributor, and local development partner Birdseye Renewable Energy in Charlotte, N.C.

The proposed solar PV project is expected to come online within the next six months. A final location for the array has not yet been decided.

SOURCES: Progress Energy, MP2 Capital

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