Soltage buys 14MW of contracted solar assets in North Carolina

Facebook
Twitter
LinkedIn
Reddit
Email
Soltage's Wayne project, also in North Carolina. Source: Soltage

New Jersey-based power producer Soltage has purchased 14MW of solar assets contracted to provide power to rural North Carolina communities from renewables developer ReNew Petra.

North Carolina-based ReNew Petra had previously secured long-term power purchase agreements (PPAs) with members of the North Carolina Electric Membership Cooperatives.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Soltage's new assets are part of a larger portfolio expected to total 35MW after a second close in the third quarter of 2019.

Soltage cofounder Jesse Grossman said the project would put “additional distributed utility-scale solar at critical infrastructure points on the grid.”

North Carolina’s electric cooperatives serve 2.5 million people across the state.

“These assets allow for us to continue to deploy our capital to high-quality renewable energy infrastructure investments, providing economic benefits to the communities in which we are working as well as long-term affordable power to our energy offtake partners,” Grossman said.

Earlier this month, Soltage joined forces with fund manager Basalt to deploy a 200MW US solar pipeline.

Read Next

September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines