Monday, September 15, 2014

48MW solar farm in Duke Energy territory receives RFP PPA

ASHEVILLE, USA: IS 41 was one of the Duke Energy's qualifying RFP projects and after months of negotiations the purchase power agreement (PPA) was executed by ISS representatives just this week.

The PPA received from Duke Energy on this 48MW Solar Farm project is for fifteen years and should facilitate partnerships with owner operators that wish to partner with ISS to actually own this one of a kind project in Bladen County.

The project itself will be constructed on a tract of approximately 300 acres and ISS claims that this is one of the company's most buildable sites to date. This solar energy plant will produce enough energy in the county to provide electricity to about 10,000 homes.

ISS is currently accepting bids from panel manufacturers for the 200,000 solar panels that will be mounted to collect energy on this site. Companies like Canadian Solar, Talesun, ET Solar and other tier one vendors will be involved in the bid process to assure a cost effective approach and also to assure that the project reaches the targeted on line date of October 2015.

Solar farms like IS 41 are vital to this country for many reasons and provide many benefits including lower cost for energy, increased tax revenue for the counties in which they are built, added jobs here in the U.S. and of course the overall lessening of the carbon footprint on the planet. Both hard and soft costs to construct solar farms have come down dramatically in the last five years making these types of investments very attractive for many reasons.

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