CONERGY AND HOLOCENE CLOSE 28MW UTILITY SCALE SOLAR PORTFOLIO IN NORTH CAROLINA

Conergy and Holocene collaborated on a financing solution, with Conergy providing engineering, procurement, construction (EPC) and O&M services.

MIAMI / RALEIGH, April 14, 2015 - Conergy, one of the world's largest downstream solar companies, and Holocene Clean Energy (Holocene) announced today the financial close of a 28 megawatt portfolio of North Carolina solar projects, most recently valued at $60M USD. Conergy and Holocene arranged federal and North Carolina state tax equity investments from two prominent US banks and provided development and sponsor equity capital. The transaction marks Conergy's focus on growing its US market share following its latest equity round, led by major utility RWE.


Holocene, of Raleigh, North Carolina, and Conergy's U.S. team completed development of the portfolio of projects after ESA, Sunlight and Community Energy initiated project development. Conergy and Holocene collaborated on a financing solution, with Conergy providing engineering, procurement, construction (EPC) and O&M services.

Anthony Fotopoulos, Conergy's Regional Business Head for North America, said, "Conergy is pleased at this opportunity to bring our global development, financing, and EPC capabilities to North Carolina, and to serve as sponsor in this significant endeavor. Development partners are important to us at Conergy; we were able to capture local expertise by investing in the projects brought together by Holocene."

"We are thrilled to bring these utility scale solar projects to North Carolina," said Ralph Thompson, CEO of Holocene. "Thanks to the hard work of our team and our partners at Conergy, the solar farms will represent a major achievement by our companies. Developing solar projects is dependent on the team's capabilities and balance sheet, and I am glad we were able to bring the group together."

The solar farms are located across five locations in Eastern North Carolina. Construction began in February and will be completed in 2015. The facilities, located in Johnston, Duplin, and Franklin counties, will bring significant employment opportunity, while boosting local tax revenue without burdening existing municipal services. Duke Energy will purchase electricity generated by the systems under a 15-year agreement.

Featured Product

GreenFasten™ solar panel roof mount hardware, watertight, USA made

GreenFasten™ solar panel roof mount hardware, watertight, USA made

The GreenFasten™ - GF1 system utilizes the patented watertight technology EcoFasten Solar® is known for. The flashing is fit with our EPDM rubber bushing and when used with a compatible EcoFasten Solar compression bracket (milled with countersink), a watertight seal is created, which protects the integrity of the roof. Requiring just a single fastener (lag bolt or self-drilling), GreenFasten provides the fastest install in the industry and will not void roofing manufacturer's warranties. Backed by IAPMO certification, GreenFasten delivers a mounting solution for all new or existing (retrofit) composition shingle roofs, and is the most cost-effective solution available. Like all of the solar roof mount solutions in our line of products, GreenFasten is made in the USA using recycled materials.