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

October 8, 2025
US solar module prices jumped in Q3 2025 as developers scrambled to meet the 2 September 2025 safe harbour deadline for Investment Tax Credit (ITC) qualification, according to supply chain platform Anza.
Premium
October 8, 2025
PV Talk: Smart Energy Council's Nigel Morris reflects on how Australia has become a global testbed for distributed solar and storage innovation.
October 8, 2025
Officials from Norway and Egypt have agreed provisional terms for the financing of the Dandara solar park in Egypt, which is being built and operated by Norwegian IPP Scatec.
October 8, 2025
Saatvik Green Energy has secured new solar PV module orders worth more than INR7 billion (US$84 million), to be delivered in this financial year.
October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK