North
Carolina energy company McBride Energy Services has been granted permission to
construct a $200 million, 80 MW solar PV plant near to the city of
Concord in the U.S. state.
North
Carolina’s Utilities Commission yesterday issued an order approving the proposal
for the McBride Place Energy project, which is penciled in for commercial
operation by the end of 2015.
Further
details are sketchy at this stage. State law decrees that no solar farm cab be
built until a power purchase agreement (PPA) with a utility has been signed, and
it is understood that McBride Energy Services is currently in talks with a
handful of potential utilities for the park’s solar energy.
Should
the plant be completed before the end of next year it would be eligible for $36
million in state tax credits, as well as around $63 million in federal tax
credits and depreciation allowances.
This
installation would dwarf McBride’s previous forays into the world of PV. Its
current largest solar farm in operation is a 2.5 MW project in Henderson
County.
North
Carolina's solar landscape is currently the third-largest in the U.S. after
California and Arizona, boasting more than 620 MW of installed capacity,
according to data from GTM Research.
Analysts
predict that the state should reach
more than 2.6 GW of installed PV capacity by 2020,
with private investment in the sector reaching $7.8 billion during that time,
found a recent report by Pew Charitable Trust.
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