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The plant is the second megawatt-sized solar project closed by Progress this summer. In June, software company SAS said that it will build a 1-MW solar PV array at its Cary, N.C., campus and sell the output under a long-term contract to Progress Energy Carolinas.
Both projects are scheduled to be producing electricity by late this year. Progress Energy Carolinas said is evaluating additional renewable energy projects, as well as potential opportunities related to plug-in hybrid electric vehicles and other energy technologies.
SunEdison proposed the solar PV project in response to Progress Energy's request for renewable energy proposals, which was issued in November. The open-ended request is part of Progress Energy's plan to meet the requirements of North Carolina's energy law, passed in 2007.
The law established a renewable and energy-efficiency portfolio standard, which requires utilities to provide a portion of their energy sales using renewable energy sources and energy efficiency. For Progress Energy, that portion grows from three percent of total energy sales in 2012 to 12.5 percent in 2021.
For solar-generated energy, the requirement begins in 2010. Under the two existing PV contracts, Progress Energy expects to begin purchasing solar-generated electricity this year.
Raleigh, North Carolina-based Progress Energy has more than 21,000 megawatts of generation capacity and posts $9 billion in annual revenues. The company includes two utilities that serve 3.1 million customers in the Carolinas and Florida.
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