Copenhagen Infrastructure Partners (CIP) has commenced construction on the Mitchell portfolio of utility-scale solar photovoltaic (PV) projects in North Carolina, US, on behalf of the Copenhagen Infrastructure II (CI II) fund.
Starting with five projects, the project will be implemented in multiple phases across the state over the coming years.
Mitchell is CIP’s first investment in southeastern US and the projects are expected to have a positive economic impact on the communities in which they are constructed through job creation and increased property tax base.
CIP senior partner Christian Skakkebæk said: “We have been developing the portfolio in a close partnership with GreenGo who has been leading the daily development work for the project portfolio.
“We are excited to continue working with GreenGo and our strong US-based suppliers, contractors, and operators, as well as the local North Carolina communities and authorities to ensure successful construction and operation of the solar PV projects.”
The Mitchell portfolio is also expected to complement the holdings of CI II investors through augmentation of long-term, stable and predictable cash flows.
The first phase of Mitchell portfolio comprises Burgaw Solar (5MWAC) on the coast of North Carolina; Ennis Solar (5MWAC) south of Raleigh, North Carolina; Little Mountain Solar (3MWAC) north of Charlotte, North Carolina; Pecan Grove Solar (5MWAC) on the coast of North Carolina; and Traveller Solar (5MWAC) south of Raleigh, North Carolina.
The five utility-scale solar PV projects total 23MWAC.
Reach Construction Group will be responsible for civil and mechanical services; Directional Services will provide electrical installation and commissioning services; and GreenGo will be the overall construction manager.
First Solar will supply solar modules and provide operation and maintenance (O&M) services.
After becoming operational, the projects will benefit from long-term power purchase agreements with Duke Energy.
The project is also expected to secure third-party tax equity funding.
Expected to begin commercial operations in the third quarter of 2019, the five Mitchell projects under the first phase will generate enough clean energy to power 5,000 homes per year in North Carolina.
Construction on the projects in the next phases of the Mitchell portfolio is expected to commence later in 2019 to 2020.
The Mitchell solar PV project portfolio is part of CIP’s 1.1GWAC US solar PV portfolio.
Image: CIP begins construction on Mitchell portfolio solar PV projects in US. Photo: Courtesy of COPENHAGEN INFRASTRUCTURE PARTNERS K/S.