Duke Energy, SunEdison complete 17.2 MW solar farm

Beltsville, Md., January 26, 2011— Duke Energy and SunEdison announced the activation of the final phases of a 17.2 MW solar farm in Davidson County, N.C.

Constructed in five phases and covering over 200 acres of land, the project is comprised of more than 63,000 photovoltaic solar panels and is expected to generate an estimated 28 million kWh annually — enough energy to power more than 2,600 homes a year.

"Solar energy continues to increase in its importance to North Carolina customers," said Brett Carter, President, Duke Energy North Carolina. "Partnerships, like the one with SunEdison, have allowed Duke Energy to comply with North Carolina's solar requirements in a cost effective way."

The solar farm was made possible through a solar energy service agreement between SunEdison and Duke Energy where SunEdison designed and deployed the project and will be responsible for the ongoing operations and maintenance of the facility.

Financing was made possible through lease financing provided by MetLife and Bank of America Merrill Lynch. The project is rated at 17.2 MW as measured in direct current, or 15.5 MW as measured in alternating current.

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