Mt. Olive Solar Farm

Property Name: Mt. Olive Solar Farm
Location: Mount Olive, NC
Property Type: Solar Installation
Transaction Type: Tax Credit Equity financing
Loan Amount: Undisclosed
Details:
Photovoltaic; 6.65 MW DC fixed tilt ground mounted solar installation

Number of Modules: 27,600

Output: Mt. Olive 2 Farm produces approximately 9,975 MWh of electricity a year, which is the same amount of energy used by 771 average homes in North Carolina.

Project Construction: Construction took 14 weeks, beginning in February, 2013 and finished at the beginning of May. Mount Olive 2 Farm is part of Strata Solar’s Eastern cluster of solar farms and was built by a crew of over 100 hired at the start of 2013.

Economic Impact: Over $250,000 in direct expenditures in Wayne County for wages, lodging and supplies. Increase in the property tax base of Wayne County of approximately $12 million with no requirement for additional school, sewers roads, or other county services.

Environmental Impact: No emission, no noise, no traffic associated with the operation of the solar farm. Each year, the solar farm will offset approximately 5357 tons of CO2 which is the same as reducing automobile travel by 8 million miles.

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