Duke Energy Set to Purchase 40 MW Elm City Solar Plant

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HelioSage Energy, a national developer of utility-scale solar projects, has announced the sale of a 40 MW solar PV project to Duke Energy (NYSE: DUK), the largest electric holding power company in the United States.

The project, known as the Elm City Solar Facility, is currently under development in Elm City, North Carolina. When commissioned, it will be one of the largest solar PV facilities east of the Mississippi. Duke Energy plans to own and operate the facility once it’s complete. This purchase is one of eight large projects that Duke is planning to either purchase outright or enter into a power purchase agreement with. Once these eight plants are online, Duke will have added an additional 278 MW of solar capacity to its portfolio.

The project was originally developed by HelioSage Energy, which later partnered with First Solar, Inc. to respond to a competitive RFP issued by Duke Energy in February of 2014. First Solar will provide approximately 500,000 FS Series 4 PV modules as well as provide construction management once the project is under way.

“Collaboration and hard work made this groundbreaking project possible,” said Matt Hantzmon, HelioSage COO. “We tip our hat to our project partners First Solar and Duke Energy — as well as the community in Elm City and Wilson County — in recognition of this shared achievement together.”

“First Solar is proud to partner with HelioSage on this project for Duke Energy,” said Roger Bredder, First Solar’s managing director of business development for the southeastern United States. “The US Southeast is a strategic priority for us, and the Elm City project represents a significant collaboration with major industry stakeholders to meet the needs of regional consumers.”

The 40 MW facility is expected to generate an estimated 82,000 MWh annually – enough energy to power approximately 6,800 average North Carolina homes a year.