Progress Energy has signed an agreement with SunEdison where SunEdison will build, own and operate a 1.2-megawatt solar energy project near Progress' L.V. Sutton coal-fired power plants near Wilmington.
SunEdison will build the solar pv array on about 10 acres at the L.V. Sutton Plant site. Progress will lease the land to SunEdison, which will in turn sell the energy generated to Progress for distribution to its customers.
Progress Energy needs to meet the requirements of a state law, passed in 2007, that requires Progress to provide 3 percent of its total energy sales from renewable sources and energy efficiency by 2012 -- and 12.5 percent by 2021.
The SunEdison deal is the second megawatt-sized solar plant Progress has announced this year. Software company SAS is building a 1-megawatt solar plant at its Cary campus and selling the energy back to Progress Energy.
One megawatt is enough to provide power to roughly 700 homes in North Carolina.
Both the SunEdison and the SAS projects are expected to start producing energy late this year.
<also take a look at the story in the News & Observer here about how NC is out front in solar development - for now at least>
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