AlwaysUp to date
hep’s Third Solar Park Gets Grid-Connected
“Clear” in North Carolina hat eine installierte Leistung von 4,5 MWp
hep takes third US solar park into operation. “Clear“ in North Carolina has an installed capacity of 4.5 megawatts and is one of 16 solar parks, of the public AIF “HEP – Solar Portfolio 1“.
2 Countries, 16 Projects, 81.5 Megawatts
With the alternative investment funds (AIF) “HEP – Solar Portfolio 1 GmbH & Co. geschlossene Investment KG“, hep enables private investors to invest in the strongest solar markets worldwide: USA and Japan. Through country-specific special AIFs, the HEP – Solarportfolio 1 has so far invested in two Japanese and 13 US projects with a total capacity of more than 81.5 megawatts. Two Japanese projects were the first to be grid-connected: “Ayabe“ in April and “Kamigori“ in June. The first US solar park, “White Street“ followed in late October, “Limelight III“ in late December and “Clear“ in March 2021. Eight further US projects are already under construction.
Solar Park “Clear“
The solar park covers three areas and has a total installed capacity of 4.5 megawatts. In December 2020, after an eight-month construction phase, the solar park was technically completed. After a successful test phase, the park was finally connected to the power grid on March 8, 2021. As in the case of the two other hep solar parks in the US, the current collector for the two other US solar parks, is the listed energy company “Duke Energy“. With this energy supplier, a so-called “Power Purchase Agreement“ was concluded, i.e., a power purchase agreement secures the income of the special AIF in return for secured electricity prices for the power purchaser.
With hep, Value Creation Remains in one Hand
From financing to project development, construction to maintenance and operation – hep takes care of all services related to the solar park “Clear“. Financing, project development and project management are managed from the company’s German headquarters. The construction of the solar park was taken over by the experienced US solar construction company “hep Petra“, in which hep has a majority stake. “hepPetra“ will also supervise the park during its operation and take over any maintenance and care measures. In addition, “Clear“, like all the other newly build solar parks, will be connected to hep’s own monitoring system and can thus be monitored around the clock from all hep company locations.
hep in the USA
For years, hep has been gaining experience as a project developer in the US solar market. In 2020, hep acquired the project developer “Peak Clean Energy“ located near Denver, Colorado. The company has decades of experience in developing large-scale solar projects with a capacity starting from 10 megawatts and at the time of acquisition had a project pipeline of more than four gigawatts. Shortly after, a majority stake in the solar company “ReNew Petra“ followed which now operates under the name “hep Petra“. “hepPetra“ based in North Carolina, has developed over 100 megawatts in the US solar market to date and has construction licenses in 14 states.
Solar Market USA
The US currently are in second place of the top solar markets worldwide. 29 of the 50 states have voluntarily committed to the so-called ‘’Renewable Portfolio Standards’’ and have set ambitious expansion targets in the field of renewable energies. In 2019, 13.3 gigawatts of solar energy were installed nationwide. According to the US-American solar association, a 23 percent increase was recorded in comparison to the previous-year period.