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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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.

23 April 2025
Dallas, Texas USA
To bring buyers and sellers of power together, the Renewable Energy Revenues Summit USA will cover strategies to optimize renewable energy trading, procurement, and offtake structures across U.S. markets.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

December 13, 2024
With a combined capacity of 394MW, the Tocopilla (227MW) and Tamarico (167MW) are located in the northern regions of Antofagasta and Atacama
December 12, 2024
SEIA said that its ten-point list of priorities is designed 'to ensure the US is the world’s dominant solar and storage market.'
December 11, 2024
Consisting of three utility-scale solar projects in the central region of Lazio, the projects are expected to be operational by 2026.
December 11, 2024
MNRE confirmed that from 1 June 2026, all solar projects under the ALMM scheme must source modules and cells from Indian manufacturers.
December 11, 2024
The successful projects of the first CIS tender round in Australia have been revealed, with 2.75GW of solar PV being awarded.
December 10, 2024
Recurrent Energy has signed a power purchase agreement (PPA) with an unnamed US tech company for a solar project in northern Spain.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
December 18, 2024
9am GMT / 10am CET
Solar Media Events
February 4, 2025
London, UK
Solar Media Events
February 17, 2025
London, UK
Solar Media Events
February 26, 2025
Seattle, USA
Solar Media Events
March 11, 2025
Frankfurt, Germany