HelioSage announces 40 MW project sale to Duke Energy
23 2014

PR Newswire | Sep 23, 2014Duke-Energy-Logo

Charlottesville, VA and Elm City, NC – HelioSage Energy, a national developer of utility scale solar projects, has announced the sale of a 40 megawatt AC (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 presently under development in Elm City, North Carolina. When commissioned, it will be one of the largest solar PV facilities east of the Mississippi and will be owned and operated by Duke Energy.

The project was originally developed by HelioSage Energy, who later partnered with First Solar, Inc. (NASDAQ: FSLR), a global leader in photovoltaic (PV) thin film solar module manufacturing and a provider of PV power plant services, 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 underway.

“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 million kilowatt-hours annually – enough energy to power approximately 6,800 average North Carolina homes a year

About HelioSage Energy

HelioSage Energy is a solar energy development firm with a national pipeline including more than 300 megawatts of executed Power Purchase Agreements. The principals of HelioSage have developed and financed 580 megawatts of renewable energy facilities, representing over $1 billion USD in invested capital. For more information about HelioSage, please visit www.heliosage.com.