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North Carolina

Modern Energy invests $30 million in launch of Texas PV developer

Industrial Sun is expected to begin its launch and multi-year deployment following the investment. The company focuses on developing large-scale solar projects for high-energy commercial and industrial customers.

Policy leads the way: Impactful action at the state level in 2021

While federal policy action (or inaction) grabs all the headlines, let’s look back at some of the most impactful state and local developments from 2021.

CIT Group lines up refinancing for 130 MW solar portfolio

The deal follows an earlier $210 million financing package for a 260 MW Texas solar project.

Duke Energy and clean energy advocates come to terms on new net metering rates in North Carolina

The new rates, which include minimum monthly bills, non-bypassable charges, and grid access fees for larger systems, will now go before state regulators for approval.

SolRiver Capital acquires 53 MW solar portfolio

The firm paid more than $90 million to Copenhagen Infrastructure Partners for eight solar projects in North Carolina.

Honeywell, Duke Energy partner on flow battery test project

The battery, which uses an electrolyte to convert chemical energy into electricity for storage and deployment, will begin testing in 2022 at Duke Energy’s Emerging Technology and Innovation Center in Mount Holly, North Carolina.

Pine Gate to bring second solar project to North Carolina county

The company said it has lined up financing and started work on the 70 MW Stanly Solar project.

Controversial renewable bill passes North Carolina Legislature

The bill’s long-term commitments reduced oversight for Duke Energy outweigh the renewable capacity increases and coal retirements it promises, according to those against it.

Mitsubishi buys interest in 11 MW solar project, a first

A North Carolina energy provider will buy the project’s full output through a 25-year fully bundled Power Purchase Agreement.

Soltage and Harrison street partner on a 20 MW community solar and PURPA portfolio

The partnership is the two companies’ second under Soltage’s Iris capital vehicle, and the two ultimately plan on deploying 450 MW of new distributed solar and storage projects across the United States together.