SAN FRANCISCO, April 25, 2016 - Ecoplexus Inc., a leading developer of solar photovoltaic (PV) systems, today announced that it has commissioned six solar PV projects, totaling 54 megawatts (MW) in North Carolina. The six projects, reaching $79 million in project value, represent the completion of Ecoplexus’ second and third portfolios in North Carolina, bringing the Company one step further in its goal of playing a meaningful role in providing renewable solar power to the state. 54 MW of clean energy is enough to provide power to over 5,000 homes, and provide the reduction of approximately 56,000 metric tons of CO 2 or almost 130,000 barrels of oil. These projects will be added to Ecoplexus’ growing IPP asset base. These projects increase Ecoplexus’ current IPP asset base, which will reach 110 MWs by year-end.
Currently, the Company has an additional 36 MW under construction in the U.S. and Japan. Overall, Ecoplexus anticipates financing and constructing a total of 120 MW in 2016 across its countries of operation. Ecoplexus also manages a development pipeline of approximately 1 gigawatt (GW) across twelve states and internationally.
“We recognize the need for clean renewable generation and are proud to contribute to North Carolina’s Renewable Portfolio Standards,” said John Gorman, CEO of Ecoplexus. “We plan to continue increasing our capacity of MW installed per year to address the added demand for renewables.”
About Ecoplexus Inc.
Ecoplexus develops, owns and operates solar PV projects for the utility, and industrial markets in the U.S., Japan, Mexico and Turkey. The Company has developed and financed over fifty projects to date. Customers include major utilities such as PG&E, Duke, Progress, Xcel Energy, PSEG, and Georgia Power and approximately fifteen municipalities in the US.
With greater than 700 MWs between construction and pipeline in the U.S. and Internationally, representing over $850 million in project value, Ecoplexus is actively developing or buying renewable energy assets at every stage. The Company also provides operation and maintenance (O&M) services for investor/owners, including Fortune 500 companies, for approximately 50 projects.
For more information about Ecoplexus, please visit www.ecoplexus.com.