San Francisco, CA , October 15, 2014 – Ecoplexus, Inc. today announced that it has closed financing and commenced construction in September on three (3) solar PV projects totaling 21 MW. The projects have signed long-term PPA contracts with Duke Energy Progress and will achieve commercial operations in 2014.
The three (3) projects (Langley PV1, Carter PV1, and Pecan PV1) are the first Ecoplexus projects in North Carolina to commence construction. Over the last two and half years, the Company has developed a pipeline of 30 additional projects in North Carolina representing over 300MW, which it expects to construct in 2015 and 2016.
“After constructing 40 solar PV projects in other States, it’s exciting for Ecoplexus to break ground on the first projects in our North Carolina portfolio,” said Erik Stuebe of Ecoplexus. “We are planning an aggressive construction schedule in North Carolina and we expect to construct and commission approximately 40 MW per calendar quarter over the next two (2) years. We’re very pleased to play a role in providing clean, renewable energy at competitive rates to the grid.”
About Ecoplexus, Inc.
Ecoplexus develops and operates distributed generation solar PV projects for the wholesale and retail distributed generation market in the U.S. and Japan via its wholly owned subsidiary Ecoplexus Japan KK. The Company has constructed and financed over 40 projects to date, representing over $100 million in project value. Customers include eight (8) major utilities including PG&E, Duke, Progress, Xcel Energy, and Georgia Power and approximately fifteen(15) municipalities in the US.
Ecoplexus has a project pipeline exceeding 500 MW, representing over $750 million in project value, in the U.S. and Japan. The Company also provides operation and maintenance (O&M) services for investor/owners, including two (2) Fortune 500 companies, for approximately 40 projects. For more information about Ecoplexus, please visit www.ecoplexus.com.