GreenCo Solutions, a company owned by 22 electric cooperatives, will buy renewable energy certificates (RECs) generated by a new solar power project of Duke Energy in Hertford County, North Carolina.
Duke Energy acquired this 6.4MW (DC) Murfreesboro project in December 2010 from SunPower, which designed and will build the solar photovoltaic system.
GreenCo said it is buying the RECs to assist its members in meeting their solar power requirement under the state’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS).
North Carolina Electric Membership Corporation (NCEMC), a power generation and transmission cooperative, will purchase the electricity produced by the solar farm under a 20-year agreement.
The solar project, which will be constructed on roughly 37 acres of leased land near Murfreesboro, is expected to be completed in late 2011.