Strata Solar develops nine solar projects across North Carolina

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Strata Solar

Strata Solar has completed construction of nine utility-scale solar projects across North Carolina.

The projects were financed through more than $100 million of tax-equity provided by a subsidiary of Wells Fargo & Company, according to a statement.

North Carolina utility Progress Energy Carolinas will purchase the power. The projects produce enough electricity to power 5,000 households and displace 28,000 metric tons of CO2 per year.

The three largest projects – Bladenboro, Wagstaff and Nash 58 – all exceed 6 MWs in capacity and provide a significant boost to the local tax base without requiring additional county expenditures on sewer, roads or any other infrastructure.

Supported by a 35 per cent North Carolina Renewable Energy Tax Credit, the projects create local jobs and provide additional income for those who lease their land for the solar projects.

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