LAURINBURG, N.C. — Progress Energy Carolinas has signed an agreement with MP2 Capital in which MP2 will build and operate a 2.3 megawatt solar photovoltaic (PV) array in Laurinburg and sell the output to Progress Energy Carolinas for distribution to its customers.
The proposed solar PV array is expected to come online within the next six months.
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.
The project, which must still be approved by Laurinburg’s planning board and city council, will be the sixth and largest solar array project planned by Progress Energy Carolinas, bringing the total amount of solar-generated electricity scheduled to be purchased by the company to more than seven megawatts. A final location for the array has not yet been decided.
“We are committed to aggressively and responsibly pursuing renewable energy resources as part of a balanced approach to meeting our region’s growing energy demand,” Lloyd Yates, president and chief executive officer of Progress Energy Carolinas, said in a press release issued Monday. “This project will be the largest solar power array on our system and is a significant addition to our growing portfolio of renewable energy projects. I’m pleased to continue our long history of partnering with local communities to advance this innovative technology.”
MP2 Capital develops, finances and invests in renewable energy projects worldwide, and anticipates creating jobs for 30 to 50 workers in North Carolina during the construction phase of the solar array.
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