trending Market Intelligence /marketintelligence/en/news-insights/trending/R8v3LfZL8R-ZzXWh5_3MlQ2 content esgSubNav
In This List

US Solar Fund closes purchase of 5 solar projects in North Carolina

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


US Solar Fund closes purchase of 5 solar projects in North Carolina

London-based US Solar Fund PLC closed the acquisition of 100% cash equity interests in five operating utility-scale solar projects in North Carolina, accounting for about 28 MWdc.

The company acquired the portfolio from Greenbacker Renewable Energy Co. LLC. The transaction amount was not disclosed.

US Solar Fund plans to close the acquisition of three other projects with combined capacity of 11 MW later in January following final diligence, according to a Jan. 2 news release.

All the projects are contracted under fixed-rate, long-term power purchase agreements with Duke Energy Corp. utilities, with a weighted average term remaining of 10.2 years.