#United States #Renewable Energy #North Carolina #SolRiver Capital #Longleaf Solar

SolRiver Capital Starts Construction on Longleaf Solar Project

SolRiver Capital, a prominent renewable energy investment firm based in Denver, has officially begun construction on the Longleaf Solar Project, a 7 megawatt facility located in Davie County, North Carolina. This project marks a significant milestone as it is the twelfth undertaking by SolRiver in the Carolinas, contributing to a broader portfolio focused on sustainable energy generation.

The Project Details

Initially acquired as a development asset, the Longleaf project has now reached the critical construction phase after completing its developmental prerequisites. Riley Sullivan, the Executive Vice President of SolRiver Capital, elaborated on the journey: "When we purchased the Longleaf project, it wasn't ready for construction. However, our established strategy for finalizing development phases has enabled us to get this project moving forward."

Once operational, the Longleaf Solar Project is anticipated to generate about 7 MW of clean energy, joining SolRiver's expanding grid of solar facilities that collectively exceed 100 MW across the Carolinas. With a projected operational date in the second quarter of 2025, the Longleaf project is expected to significantly enhance the region's renewable energy landscape.

Future Developments and Initiatives

In addition to the Longleaf project, SolRiver Capital is also progressing with the construction of the Williams project, a 6 MW installation expected to launch concurrently. Brandon Conard, Managing Partner at SolRiver, emphasized the company's ongoing commitment to the Carolinas, stating, "Our consistent presence in this market since 2019 has been extremely rewarding, and we are eager to expand our portfolio further in North and South Carolina."

Leveraging Safe-Harbor Panels

A key aspect of the Longleaf Solar Project's development involves the use of safe-harbor solar panels, which were procured and delivered in 2023. These panels, stored in a North Carolina warehouse, are also being utilized in several other recent projects. This forward-thinking approach not only showcases SolRiver's strategic planning but also underscores its ability to adapt to rapidly changing market dynamics. Conard elaborated, "By securing these panels early, we have positioned ourselves advantageously to meet the demands of an evolving energy landscape."

About SolRiver Capital

Founded in 2016, SolRiver Capital has grown to become a leading force in renewable energy investment, managing over 1.5 gigawatts of projects across various markets and technologies. The firm is dedicated to financing, developing, and acquiring renewable energy projects that foster sustainability and promote economic growth. By investing in projects like Longleaf, SolRiver continues to forge strong partnerships and deliver innovative solutions that align with its sustainability ethos.

As construction progresses on the Longleaf Solar Project, SolRiver Capital not only aims to increase energy production in North Carolina but also reinforces its commitment to a more sustainable future, showcasing how renewable energy initiatives can empower communities while promoting economic well-being. The continued development of solar energy projects presents not just environmental benefits but also a step forward in the fight against climate change, making SolRiver Capital a pivotal player in the transition toward a sustainable energy future.