Completed Development
Description
Portfolio of eight solar projects, having 36 MWac capacity, located within two rural electric cooperatives in Virginia. All electricity is sold to the generation and transmission cooperative serving the host rural electric cooperative.
Holocene negotiated the terms and documents with the relevant counterparties, located and secured sites, obtained environmental, local and state permits and negotiated and procured engineering, construction and procurement arrangements.
Development
Holocene provided project development from land identification, entitlement, community engagement, and interconnection.
Commercial
Holocene negotiated the purchase power agreement and related documents with relevant counterparties.
Financing
Holocene arranged development capital, and partners for the permanent financing.
EPC
Holocene led all Major Equipment procurement, managed all engineering selection and delivery, and selection/negations with a Construction Manager.
Technology
These systems are designed with 485 watt modules and two-high single axis tracker system.
HCE Johnston County I
Development
Holocene led development from beginning to end of HCE Johnston County I, a 1.9 wMac solar PV system. The project is located on land leased from a farmer in Johnston County, NC. Power is being sold to Duke Energy Progress under a 15-year PPA that was secured by Holocene. This project was completed in 2015.
Financing
Holocene arranged tax investment and structured the solar project financing.
EPC
Holocene provided Engineering, Procurement and Construction services for the project, and place the system in service. Holocene provides operations, maintenance and asset management services for this asset.
Technology
The 1.9 MWac fixed-tilt, ground-mount solar PV system covers 11 acres of farm land and will generate the equivalent amount of electricity annually consumed by 250 average-sized households. This reduces carbon dioxide by more than 2,000 tons annually.
O&M
Holocene provides operations, maintenance and asset management services for this asset.
Twittys Creek Solar
Development
Holocene led development from beginning to end of Twittys Creek Solar, a 13.50 MWac solar PV system. The project is located on land leased from a farmer in Charlotte County Virginia. Energy is being delivered to the grid under a Wholesale Market Participation agreement with Dominion Power, and hedged through an agreement with Direct Energy. This project was completed in 2019.
Financing
Holocene partnered with Alchemy Renewable Energy for the permanent financing, operations and maintenance. Holocene also arranged for the energy and renewable energy credit contract with Direct Energy.
EPC
Holocene provided Engineering, Procurement and Construction services for the project, and place the system in service.
Technology
The 13.50 MWac tracker, solar PV system covers 100 acres of farm and and will generate the equivalent amount of electricity annually consumed by 1,700 average-sized households. This reduces carbon dioxide by more than 15,000 tons annually.
ESA III, New Bern (Craven County), NC
Development
Holocene collaborated with ESA Renewables, a renewable energy firm, by purchasing rooftop solar project which at the time was the largest rooftop system in North Carolina. This project was completed in 2012.
Financing
Holocene commissioned and owned and operated the system through a special-purpose affiliate. We partnered with an institutional investor to finance the rooftop solar PV system in a structure similar to that used to purchase, own and operate other North Carolina-based solar PV systems. We sold the system after the tax preference period.
EPC
Holocene provided Construction Management Services.
Technology
The 1,260 kWac solar rooftop PV system covered 177,160 square feet of rooftop space and generated the equivalent amount of electricity annually consumed by 100 average-sized households. It reduces carbon dioxide by more than 1,000 tons annually.
ESA Four Oaks Solar I, Johnston County, NC
Development
Holocene acquired early development rights for Four Oaks from ESA Renewables, a renewable energy development firm. ESA Four Oaks is located on land leased from a farmer in Johnston County, North Carolina. This project was completed in 2012.
Financing
Holocene arranged the tax investment and structured the project financing. Just prior to COD, we sold the system.
EPC
Under Holocene’s general contractor license, Holocene provided Construction Management for the project in collaboration with Conergy Projects, an international solar contractor.
Technology
The 5.00 MWac fixed-tilt, ground-mount solar PV system covers 35 acres of farm land. The solar project generates the equivalent amount of electricity annually consumed by 500 average-sized households. This reduces carbon dioxide by more than 5,000 tons annually.
Faison Solar, Duplin County, NC
Development
Holocene acquired early development rights from Sunlight Partners for Faison Solar. This 2,297 kWdc rated capacity solar farm located on land leased from a farmer in Duplin County, North Carolina. This project was completed in 2015.
Financing
Holocene arranged tax investment and structured the project financing. We sold all rights for the project just before COD.
EPC
Under Holocene’s general contractor license, Holocene provided Construction Management for the project in collaboration with Conergy Projects, an international solar contractor.
Technology
The 2.00 MWac ground-mount, fixed-tilt PV system (solar array) will generate the equivalent amount of electricity annually consumed by approximately 200 average-sized households. This reduces carbon dioxide by more than 2,000 tons annually.
Harvest Beulaville, Duplin County, North Carolina
Development
Holocene acquired Harvest Beulaville from Harvest Solar and provided continued project development on this 2.00 MWac solar PV system. Harvest Beulaville is located in Duplin County in Eastern North Carolina. The project is located on land leased from a farmer in Beulaville, NC. Power is being sold to Duke Energy Progress under a 15-year PPA. This project was completed in 2018.
Financing
Holocene arranged sponsor and tax investment for the project financing.
EPC
Holocene provided Engineering, Procurement and Construction services for the project.
Technology
The 2.00 MWac fixed-tilt, ground-mount solar PV system covers 11 acres of farm land. It is generating the equivalent amount of electricity annually consumed by 260 average-sized households. This reduces carbon dioxide by more than 2,000 tons annually.
Sarah Solar
Development
Holocene acquired early development rights to Sarah Solar from SunLight Partners, a renewable energy development firm. Sarah Solar is located on land leased from a farmer in Franklin County, North Carolina. This project was completed in 2015.
Financing
Holocene arranged tax investment and structured the project financing.
EPC
Under Holocene’s general contractor license, Holocene provided Construction Management for the project. This project was constructed in collaboration with Conergy Projects, an international solar contractor.
Technology
The 5.00 MWac ground-mount, fixed-tilt PV system (solar array) covers 35 acres of farmland and will generate the equivalent amount of electricity annually consumed by 500 average-sized households. This reduces carbon dioxide by more than 5,000 tons annually.
Red Toad
Development
Holocene collaborated with ESA Renewables, a renewable energy firm, by purchasing rooftop solar project. This project was completed in 2010.
Financing
Holocene commissioned and owned and operated the system through a special-purpose affiliate. We partnered with an institutional investor to finance the rooftop solar PV system in a structure similar to that used to purchase, own and operate other North Carolina-based solar PV systems. We sold the system after the tax preference period.
EPC
Holocene provided Construction Management Services.
Technology
The 500 kWac solar rooftop PV system covered approximately 75,000 square feet of rooftop space and generated the equivalent amount of electricity annually consumed by 30 average-sized households. It reduces carbon dioxide by more than 300 tons annually.
Other Completed Development
Princeton Solar
Capacity 5.00 MWac
Johnston County, NC
Completed 2015
Nitro Solar
Capacity 5.00 MWac
Johnston County, NC
Completed 2015
Page Solar Farm
Capacity 1.67 MWac
Johnston County, NC
Completed 2018
Moore Solar Farm
Capacity 2.00 MWac
Moore County, NC
Completed 2018
ESA Four Oaks 2 NC
Capacity 2.00 MWac
Johnston County, NC
Completed 2019
Burtleburg Solar
Capacity 2.50 MWac
Rockbridge County, VA
Completed 2021