Baron Solar — 5 MW utility-scale solar PV, Anson County, North Carolina; first US project to reach financial close primarily on supplier-tier Scope 3 REC commitments
Ever.green aggregated 'High-Impact REC' commitments from seven Microsoft suppliers — Slalom, Centific, ImagiCorps, BDA, Eleven 11 Solutions, TASA Analytics and Visionet — to underwrite financial close on Headwater's 5 MW Baron Solar in Anson County, NC. Project is now generating power and selling electricity to Pee Dee Electric. Replicable template for sub-utility-scale solar in markets without traditional offtake.
Deal Value
5MW
Capacity
Solar
Technology
NC
Location
Deal Details
- Deal Type
- Project Finance — REC-enabled
- Seller / Sponsor
- Headwater Energy
- Buyer / Financier
- Ever.green (REC structurer); Microsoft-supplier consortium (Slalom Consulting, Centific Technologies, ImagiCorps, BDA, Eleven 11 Solutions, TASA Analytics, Visionet Systems) committed long-term REC offtakes
- Offtaker
- Pee Dee Electric Cooperative (electricity); Microsoft-supplier consortium (RECs)
- Stage
- Operating
- ISO/RTO
- Non-ISO (Duke service area)
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