Fifth Third Bancorp, SunEnergy1 open 120MW PV project in North Carolina

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
A PPA was signed  in order for Fifth Third to receive 100% renewable energy from the site, reaching one of the company’s  five goals for environmental sustainability that was originally planned to be met by 2022. Image: Fifth Third

Fifth Third Bancorp and SunEnergy1 have opened the 120MWdc/80MWac Aulander Holloman Solar Facility in Hertford County, North Carolina. The facility, developed by SunEnergy1, is expected to generate clean power that is more than or equal to the total that Fifth Third uses in a year, which is enough to cut out 143,000 metric tons of greenhouse gases and power 25,000 households.

The installation was developed after Fifth Third signed off on a power purchase agreement back in March 2018. The deal was signed in order for Fifth Third to receive 100% renewable energy from the site, reaching one of the company’s five goals for environmental sustainability that was originally planned to be met by 2022.

Greg D. Carmichael, chairman, president & CEO of Fifth Third Bancorp, said: “We are extremely proud to be the first Fortune 500 Company to power up a single, solar project that will achieve 100% renewable power. This is another example of our commitment to improving lives and doing what’s best for our communities and planet – today and into the future. This project enables us to contribute positively to the economy of one of our key market states in a way that strengthens Fifth Third Bank’s performance and reaffirms for our stakeholders that we do well by doing good.’”

Amy Davidsen, executive director – North America of The Climate Group, added: “Fifth Third is making history. They were the first member company to contract for 100% solar power and are demonstrating that renewables make business sense. By adding clean power to America’s electricity grid, they’re accelerating a cleaner future for us all – and leading the way for other companies to follow suit.”

The Aulander Holloman Solar Facility features more than 350,000 solar panels utilising single-axis tracking systems and more than 2,000 inverters and related subsystems, all of which were installed over 566 hectares of land in North Carolina. It can generate approximately 202,000 MWh of electricity per year. 

SunEnergy1 employed approximately 1,000 workers during construction and contributed tens of millions of dollars to the tax base in Hertford County, resulting in additional tax revenue to the county.

Read Next

April 14, 2021
Meyer Burger is on track to start shipments of its first heterojunction (HJ) solar modules made in Germany to distributors in July.
March 25, 2021
Thin-film laser systems equipment supplier LPKF Laser & Electronics suffered from delays in receiving new expected orders from two long-stand customers last year.
March 23, 2021
Lightsource bp has been selected to build, own and operate seven solar arrays in Pennsylvania that will provide nearly half of the state government’s electricity.
March 4, 2021
A round-up of the latest solar project news from around the world, including updates from Hanwha Q CELLS and Capital Dynamics.
March 1, 2021
Xcel Energy has announced plans to double its renewables and battery storage capacity in Colorado by 2030, as the utility progresses with efforts to reach 100% carbon-free electricity generation across its service area by 2050.
February 15, 2021
US utility Duke Energy should refile its 2020 integrated resource plan (IRP) to effectively allow for the diversity benefits of solar and storage to be captured, it has been argued by energy consulting firm E3.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021