BayWa, Geenex partner to build 350 MW of solar PV in North Carolina and Virginia

Share

On Tuesday, BayWa r.e. and North Carolina developer Geenex Solar announced that they have partnered to develop 350 MW of solar PV projects in North Carolina and Virginia. The projects are mostly 20-100 MW in capacity, and are expected to be put online in 2017 and 2018.

The companies were vague about the status of most of these projects, explaining in a press statement that they are in “different stages of development”. The one exception is a 5 MW project located in Northampton, North Carolina, which has begun construction and is expected to be completed by the end of 2016.

Under the partnership BayWa will provide engineering, procurement and construction services as well as financing and operations and maintenance, and Geenex will “utilize its local expertise to drive development activities”. “Their expertise in development and local knowledge enable us to take the necessary steps to make these major investments,” BayWa r.e. Solar Projects CEO Jam Attari explained in a press statement.

This appears to be working as BayWa and Geenex say that they intend to expand the scope and scale of their partnership in the future.

The location of these projects is interesting. Virginia has a toothless, voluntary renewable energy goal for utilities instead of a mandate, and North Carolina has a tiny set-aside for solar in its renewable energy mandate. And while North Carolina has been one of the nation’s largest solar markets despite the lack of ambition in its state mandate, Virginia has not seen significant solar development activity to date.

The press statement by BayWay gives clues to what may be driving its new portfolio, with the implication that projects may sell power to directly to companies and other non-utility off-takers. “The growing demand for solar powered energy generation in the PJM market is being driven increasingly by corporates, municipalities, educational institutions, and utilities looking to procure renewable energy at competitive rates,” states the release.

Popular content

This article was first published on the pv magazine USA website.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.