Innovative Solar 42 Solar PV Park is a 92MW solar PV power project. It is located in North Carolina, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in September 2017.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 92 | 92 | – | Active | North Carolina, the US | Innovative Solar Systems; Recurrent Energy |
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Description
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The project was developed by Innovative Solar Systems and Recurrent Energy. The project is currently owned by Falck Renewables with a stake of 50%, Eni New Energy with a stake of 49% and Recurrent Energy.
Innovative Solar 42 Solar PV Park is a ground-mounted solar project which is spread over an area of 450 acres.
The project generates 152,800MWh electricity and supplies enough clean energy to power 11,750 households, offsetting 60,484t of carbon dioxide emissions (CO2) a year. The project cost is $145m.
Development Status
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By GlobalDataThe project got commissioned in September 2017.
Power Purchase Agreement
The power generated from the project is sold to Duke Energy Progress under a power purchase agreement for a period of 10 years. The contracted capacity is 71MW.
Contractors Involved
DEPCOM Power was selected to render EPC services for the solar PV power project.
Trina Solar was selected as the supplier of the PV modules for the project. The company installed 271,510 modules at the site.
DEPCOM Power is the O&M contractor for the solar PV power project.
About Innovative Solar Systems
Innovative Solar Systems LLC (Innovative Solar) is a renewable energy company that designs and installs commercial solar power systems. The company offers services such as land development, engineering, project development, project management, origination and power marketing and project finance. Innovative Solar operates solar farms across the US. The company’s projects include Innovative Solar 35, Innovative Solar 46, Innovative Solar 10, Innovative Solar 48, Innovative Solar 23 and Innovative Solar 01, among others. Innovative Solar is headquartered in Asheville, North Carolina, the US.
About Recurrent Energy
Recurrent Energy LLC (Recurrent Energy) a subsidiary of Canadian Solar Inc, is a clean energy company that develops utility-scale solar and energy storage projects. The company specializes in the development and operation solar energy projects that generate electricity. It has solar projects in North America. Recurrent Energy’s projects include Rosamond 1, Rosamond 2, Victor Phelan, Gillespie, Sunningdale 1, Apollo, Mustang and Garland project, and among others. The company has operations in the US and Canada. Recurrent Energy is headquartered in San Francisco, California, 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.
