Bloomberg News

ET Solar and Geenex Building North Carolina Solar Plant for Duke

August 12, 2014

ET Solar Group Corp., a closely held Chinese panel maker, and solar developer Geenex have closed financing for a 30-megawatt project in North Carolina that they plan to sell to Duke Energy Corp. (DUK:US)

Construction of the plant has started in the former site of the Halifax County Airport and is expect to be finished this year, according to a statement today from ET Solar’s Pleasanton, California-based subsidiary. Terms of the financing weren’t disclosed.

Duke’s renewables unit will buy the plant after construction is finished, according to the statement. Dominion Resources Inc. (D:US)’s North Carolina unit has agreed to buy electricity from the solar farm under a 15-year contract.

To contact the reporter on this story: Justin Doom in New York at

To contact the editors responsible for this story: Reed Landberg at Carlos Caminada, Robin Saponar

Cash Is for Losers

Companies Mentioned

  • DUK
    (Duke Energy Corp)
    • $79.77 USD
    • -0.40
    • -0.5%
  • D
    (Dominion Resources Inc/VA)
    • $73.25 USD
    • 0.58
    • 0.79%
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