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January 11, 2022

Highest Power Louisburg Solar PV Park, US

By Carmen

Highest Power Louisburg Solar PV Park is a 65MW solar PV power project. It is planned in North Carolina, the US. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 65 65 Permitting North Carolina, the US Pine Gate Renewables; Silver Creek Energy; Silver Pine Energy Holdings

Description

The project is being developed by Pine Gate Renewables, Silver Creek Energy and Silver Pine Energy Holdings. The project is currently owned by Pine Gate Renewables.

Highest Power Louisburg Solar PV Park is a ground-mounted solar project.

The project is expected to generate 110,500MWh of electricity. The project cost is expected to be around $100m.

Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.

Power Purchase Agreement

The power generated from the project will be sold to Duke Energy Progress under a power purchase agreement. The offtake capacity is expected to be 50MW.

About Silver Pine Energy Holdings

Silver Pine Energy Holdings LLC (Silver Pine Energy Holdings) is a developer of solar which involves in solar project development, solar project financing, engineering, procurement and construction, and solar farm management. The company is headquartered in Asheville, North Carolina, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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