Construction in progress in North Carolina - hep

Con­struc­tion in pro­gress in North Carolina

Jan 13, 2020

hep fund for pri­va­te inves­tors invests in the United States

hep’s cur­rent Alter­na­ti­ve Invest­ment Fund for pri­va­te inves­tors now invests in two solar pro­jects in North and South Caro­li­na. The con­struc­tion of solar pro­ject “White Street” with a capa­ci­ty of 4.4 mega­watts in North Caro­li­na is alrea­dy in pro­gress — and expec­ted to be fina­li­zed by mid-2020. A tracking sys­tem is used to gua­ran­tee opti­mal tracking of dai­ly sun­light through the solar modules.

A power purcha­se agree­ment was reached with lis­ted ener­gy pro­vi­der Duke Ener­gy loca­ted in Char­lot­te, North Caro­li­na. For a dura­ti­on of 15 years, „White Street“ will be reim­bur­sed with USD 0.061 per KWh.

Cur­r­ent­ly, the United Sta­tes are the second lar­gest solar mar­ket world­wi­de. Due to ener­gy poli­cy being deci­ded on sta­te level, many sta­tes show high growth rates in rene­wa­ble ener­gy pro­jects. Sin­ce 2016, over 10 giga­watts of solar ener­gy are being added each year. Ana­lysts from the US-Ame­ri­can rese­arch com­pa­ny Bloom­berg pre­dict that 43 % of the US ener­gy demand will be cove­r­ed by solar and wind ener­gy in 2050.

hep main­tains an office in Port­land, Mai­ne, and just recent­ly announ­ced a stra­te­gic part­ners­hip with US-ame­ri­can pro­ject deve­lo­per ReNew Petra. Tog­e­ther, the joint ven­ture plans to deve­lop more than 100 mega­watts of dis­tri­bu­t­ed solar annually.