Duke Energy finishes N.C. solar farm

Duke Energy and Beltsville, Md.-based solar energy services provider SunEdison announced Wednesday that a solar farm in Davidson County is complete.

The farm, which covers 200 acres of land, will create enough energy to power more than 2,600 homes a year.

With 63,000 photovoltaic ­­ solar panels, it’s the second largest active solar photovoltaic deployment on the East Coast.

"Solar energy continues to increase in its importance to N.C. customers," said Brett Carter, president of Duke Energy North Carolina, in a statement. "Partnerships, like the one with SunEdison, have allowed Duke Energy to comply with North Carolina's solar requirements in a cost-effective way."

MetLife and Bank of America Merrill Lynch provided lease financing for the project. A SunEdison spokesman declined to release terms of the financing.

"This project adds to the list of financing we've provided as part of Bank of America’s 10-year, $20 billion business initiative focused on addressing climate change," said Todd Karas, president of Banc of America Public Capital Corp., in a statement.

SunEdison will be responsible for the 20-year ongoing maintenance and monitoring of the system.

Read the full story in The Business Journal of the Greater Triad Area.

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