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North Carolina Regulator Authorizes Recurrent Energy’s $107-Million Solar Project

The North Carolina Utilities Commission on Aug. 21 authorized a permit for Recurrent Energy LLC’s 75-megawatt solar facility in Cabarrus County, North Carolina. The project, expected to come online this year, has a 10-year power purchase agreement with Duke Energy Carolinas LLC. In May, Recurrent announced it has closed $106.7 million in financing for the project. Power procurement rules set under the 1978 Public Utility Regulatory Policies Act helped to make North Carolina the nation’s second-largest solar market after California. Recurrent Energy is a subsidiary of Canadian Solar Inc.

August 21, 2018
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