Geenex gets regulatory nod for 20-MW N Carolina solar park - report

Jun 25, 2013 - US solar solutions provider Geenex LLC has received the green light from the North Carolina Utilities Commission to build a 20-MW solar plant in Halifax County, North Carolina, Charlotte Business Journal said Monday.

The Charlotte-based firm will now proceed with its efforts to secure a power purchase agreement (PPA) with local utility Dominion North Carolina Power, CEO Georg Veit was cited as saying.

In addition, the company also plans to launch construction of a solar operations and educational system at the airport of Halifax at the beginning of 2014. Geenex will invest about USD 500,000 (EUR 381,000) in the Centre for Solar Excellence.

Geenex was established in 2012 by German solar developer Innowatt24 GmbH. Its CEO also owns part of the company.

In January 2013, the company announced plans to install a 5-MW solar system, worth USD 19.8 million, and invest USD 165 million in a 38.5-MW facility. However in April it cancelled the smaller project and lowered the capacity of the second project to 20 MW for a total cost of some USD 66 million, due to a dispute with Dominion North Carolina, which was expected to buy the output of the two systems.

(USD 1.0 = EUR 0.762)

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