A solar energy plant is ready to take off in North Carolina after a substantial investment by United Natural Food Inc. In fact, it is the largest investment in renewable energy for the company.
Firstly, the amount invested was not disclosed by the company; and the statement highlights that UNFI will not acquire the energy created at the facility; and will not acquire energy certificates neither.
Secondly, the solar plant is called Trent River Solar; developed by Pine Gates Renewables. The project also has the investment of the U.S. Bank. It has 108,5 megawatts of total capacity; which will deliver clean power to almost 14,000 homes.
Thirdly, the Trent River Solar plant locates at a 640 acres site, and contains over 800,000 solar panels. The project will also support 300 local and regional jobs. According to the statement, is ready to begin commercial operations later this month.
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Solar energy developments of Pine Gate getting investment
Moreover, the project is also one of the first projects to go online under Duke Energy’s competitive procurement of renewable energy (CPRE) program. About its relevance, Ben Catt, CEO of Pine Gate Renewables, said. “Locally, Trent River produces dozens of jobs through the construction process; and ultimately it will deliver clean energy to the community.”
In addition, Pine Gate is a leading renewable energy company focused on project development; and also, strategic financing of utility-scale solar and storage sites; throughout the United States. In fact, it currently manages 770MW of operational assets, with more than 12GW in active development and has raised over $2 billion in project capital to date.
On the other hand, such investment for UNFI represents a unique approach for development. About this, Alicia Wondolowski, project manager on USBCDC’s syndications team, said. “Solar investments like this are a tangible way to measure reductions in carbon footprint; and also combat climate change, and that will have a positive impact on our environment for years to come.”
Finally, the investment represents one step further in UNFI’s science-based emissions reduction target; which aims to reduce distribution center energy intensity, and increasing renewable electricity.