The company has used 3,420 CSI 190 watt crystalline PV solar modules in this project.

Progress Energy Carolinas will add the received power from the solar park to its mix of resources used to meet the needs of 1.5 million households and businesses in the Carolinas.

“Solar energy is a growing part of our company’s balanced strategy for meeting the needs of our customers,” said Lloyd Yates, CEO and president of Progress Energy Carolinas. ”This is the third large- scale solar array to begin producing power for us and we look forward to bringing more projects online in the coming months. We are proud to support this innovative technology and continue our long partnership with Person County.”

The $3.2 million solar farm is projected to generate 847 MW of energy per year, which is enough to power around 600 households based on an average annual usage of 14,000 kilowatt hours. The farm is also expected to reduce carbon dioxide emissions by over 600 metric tons annually, which is the equivalent of removing more than 100 vehicles from the North Carolina’s roads.

In May 2009, Carolina Solar Energy has started the construction of solar park in Person County.

In April 2009, Progress Energy Carolinas and Carolina Solar Energy have announced an agreement under which Carolina Solar will design, build and operate a 500-kilowatt (kW) solar PV plant on the site in Person County. As part of the agreement, Carolina Solar Energy would sell the energy produced to Progress Energy Carolinas for distribution to its customers. The financial terms of the project were not disclosed.

It may be recalled that earlier in 2009, Carolina Solar has requested Person County board for special land use permit to erect solar energy generator near the intersection of US 501 South and Crown Craft Boulevard in the Person County Industrial Park.

On March 23, 2009, Person County board of commissioners has approved the proposed special use permit.

On receipt of approval, the company had entered into a 25-year lease agreement with the Person County with an initial lease of four acres of a 50-plus acre parcel of land at no cost. As per the agreement, the company had to pay $27,000 upfront payment to Person County. The site was projected to contain 54 large panels, measuring 65 feet by 15 feet and each one will consist of 72 individual panels.

According to Person County Economic Development Director, Glen Newsome, the project will bring $4,500 tax revenue annually.

Carolina Solar Energy has secured the financial package from BB&T Equipment Finance Corporation, a Branch Banking and Trust Company.