The Organ Church Solar Plant (Organ Church) is located in Rockwell, North Carolina in the United States. The 7.5 MWDC solar plant was acquired from leading US developer, Cypress Creek Renewables, LLC, as part of a transaction for a portfolio of utility-scale solar PV projects located in North Carolina and Oregon.
Organ Church is currently under construction and is expected to commence commercial operations in the second half of 2018. The Business has acquired a 100% economic interest in Organ Church, with transfer of funding occurring progressively as various construction milestones are satisfied.
Organ Church has a secured 15-year power purchase agreement (PPA) with Duke Energy Carolinas, Inc., a subsidiary of Duke Energy (NYSE:DUK), one of the largest electric power holding companies in the United States.
Initial energy production of the utility-scale solar plant is underwritten by minimum availability guarantees provided by the operations and maintenance services provider (Cypress Creek O&M, LLC).