Duke Energy Progress

Money Moves

Building grid connection for Culpepper Solar project

energyRe closed an $815 million financing package on Oct. 12 for five utility-scale solar projects in South Carolina, one of the largest solar-only deals in the state's history. The roughly 360 megawatts of capacity are backed by 25-year power purchase agreements with a large investor-owned utility that energyRe has not named.

Updated Oct 30