By Kelly Pickerel Renewable energy company Soltage and Basalt Infrastructure Partners announced they have closed an investment in a nine-project, 57-MW solar project portfolio across the state of North Carolina. This is the second portfolio investment announced under a $140 million equity capital partnership between Soltage and Basalt launched in place Q4 2016. Construction on the current portfolio is expected to begin in May 2017.
The nine greenfield utility-scale solar power projects will be located across seven communities in the eastern half of North Carolina, and will range in size from 3 MW to 7 MW. Project offtakers include Duke Energy and Dominion Energy.
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