Progress Energy Signs Project Deal With Carolina Solar Energy

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Progress Energy Carolinas and Carolina Solar Energy have signed an agreement under which Carolina Solar Energy will design, build and operate a 500 kW solar photovoltaic plant on the site of the Person County Business and Industrial Center near Roxboro, N.C., and sell the energy produced to the utility for distribution to its customers.

Carolina Solar Energy will build the solar PV array on about four acres on Highway 501, just south of Roxboro. The project will use over 3,250 high-efficiency CS I 200 W crystalline PV solar modules, generating approximately 837,000 kWh in the first year.

Project financing was secured through a tax-advantaged lease from BB&T Equipment Finance Corp.

SOURCE: Progress Energy

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