Holocene Acquires Solar Power Project From ESA Renewables In North Carolina, US

Published: Jan 23 2012
Deal Summary

Holocene, LLC, a renewable energy company, completed the acquisition of rooftop solar photovoltaic power project in Fuquay-Varina, Wake County, North Carolina, the US, from ESA Renewables, LLC, a solar energy solution provider. The total installed capacity of the project is 500 KW, comprising 2,016 Canadian Solar 245 W and 250 W CS5P modules. The projects is spread over 55,867 square-feet of the roof of a building. ESA Renewables will provide operation and maintenance services for the duration of the power purchase agreement term. The electricity generated by the project will be sufficient to power 83 homes annually.

Jeffrey Burkett, president of ESA Renewables, said, “We are excited to have commissioned the Fuquay-Varina project as it further enables ESA to be part of North Carolina’s sustainable energy solution, providing clean, renewable solar energy. ESA’s proprietary monitoring system has been installed onsite enabling us to provide the highest level of operations and maintenance control for maximum energy production.”

Ralph Thompson, president of Holocene, said, “Weare delighted to be partnered with ESA Renewables on this prominent renewable energy project. ESA Renewables’ professional team worked closely with Holocene in meeting part of the state’s Renewable portfolio standard. This is an attractive addition to our growing pool of owned renewable energy assets.”

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