Pine Gate Renewables announced funding for its second project in Stanly County, North Carolina, which will generate 69.89 MW of renewable energy for the Albemarle community. Stanly Solar is currently under construction and, once operational, will provide enough energy to power approximately 15,500 homes annually through a 20-year PPA awarded in the Competitive Procurement of Renewable Energy (CPRE) program with Duke Energy carolina.
Pine Gate’s sister company Blue Ridge Power will build the project.
“In addition to generating clean energy, Stanly Solar will provide dozens of construction workers, fund local businesses and generate tax revenue for the city of Albemarle,” said Ben Catt, CEO of Pine Gate Renewables. “We are excited to secure another significant solar project in our home state.”
Stanly is one of 15 Pine Gate solar projects currently under construction in North Carolina, providing 300 MW of clean energy that will be added to the grid upon completion. It is expected to be online before the end of the year.
News item from Pine Gate Renewables