Recurrent Energy announces North Carolina solar project now in operation

Recurrent EnergyNovember 9, 2017140

Recurrent Energy, a wholly owned subsidiary of Canadian Solar, announced the commercial operation of the 71-MWac IS-42 solar photovoltaic project, located in Cumberland County, North Carolina.

“The completion of the IS-42 project is an important milestone in our ongoing commitment to deliver cost-effective solar power to markets across the U.S.,” said Dr. Shawn Qu, chairman and CEO of Canadian Solar. “This is Recurrent Energy’s first completed project in North Carolina, and we continue to see great potential in the state.”

The project has a long-term PPA with Duke Energy Progress, and is capable of producing enough clean electricity to power more than 11,000 homes. In September 2017, Recurrent Energy entered into an agreement for the sale of 99% of its Class B membership interest in the project to Falck Renewables S.p.A., with closing expected in November 2017.

DEPCOM Power was the EPC for the project and will also deliver O&M services. Of the 275 peak construction jobs created by the project, 95% were local hires, and 30% were U.S. veterans in keeping with the project’s veteran hiring program requirements.

A project dedication event is taking place today, October 23, 2017.

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