SolRiver Capital, a national solar investment fund company, announced this Thursday it has begun commercial operations of a solar energy project in Cleveland County, North Carolina. The project involved is the 5,8-megawatts Warbler Solar.
Firstly, the project will produce around 8,300 MWh annually. It is the latest project of SolRiver in the state. However, the project itself was developed by Birdseye Renewable Energy, now a subsidiary of Dominion Energy.
Moreover, Birdseye Renewable Energy is a specialized company that delivers shovel-ready projects across the southeastern United States. Indeed, the company specializes in the greenfield development of utility-scale solar facilities by identifying optimal sites, analyzing markets, and building trust with local communities. Over the years, the company has successfully developed more than 540MW.
On the other hand, SolRiver Capital is a solar investment fund company, as outlined above. It provides financing for the development, construction, and acquisition of D.G., C&I, and utility-scale projects. In addition, the company owns and operates projects across the U.S. from Oregon to New York.
Furthermore, the company has managed to successfully develop over $400 million of solar energy projects, totaling 180MW of capacity. Therefore, the Warbler Solar is one of its latest projects to enter commercial operations, which will further increase the portfolio of the company.
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SolRiver with a further growth in renewables
Although the project’s scale is not massive, the addition of it brings further growth to SolRiver. In fact, the company is rapidly becoming a prominent solar investor in the state. It is doing so by leveraging its extensive work in North Carolina to quickly and efficiently deploy capital to quality projects at various stages of development, from mid-stage to NTP.
About such matter, Nick Gazzolo, Partner at SolRiver Capital, said. “North Carolina is an attractive market for us. Our team has been a trusted partner to a number of developers trying to navigate the state’s utility-scale solar market. We’re proud to have helped a number of projects get from early-stage development to construction and operation.”
On the other hand, Peden Harris, COO of Birdseye Renewable Energy, remarked. “Working with SolRiver Capital on Warbler was a great experience. We have a high degree of trust in their team. They’ve proven repeatedly that they understand the nuances of project development, and we’ve been able to work very collaboratively and openly together as a result.”
Finally, Brandon Conard, Partner at SolRiver Capital, concluded. “Cleveland County is seeing a surge in economic activity through a number of new manufacturing facilities that will benefit from the clean power generated by this project. We’re proud to help drive that economic growth.”
