|By PR Newswire||
|August 12, 2014 09:01 AM EDT||
SAN FRANCISCO, Aug. 12, 2014 /PRNewswire/ -- ET Solar Energy Corp. ("ET Solar"), a leading smart energy solutions provider, announced that its U.S. subsidiary ET Capital, with Geenex, a leading solar energy developer, have closed financing and started construction on a 20MW AC - 30MW DC utility-scale project which will be completed and connected to the grid this year in Halifax County North Carolina.
"In collaboration with Geenex, we are excited to bring green solar energy to North Carolina as the joint owner and developer of the project," Dennis She, President and CEO of ET Solar, commented. "This type of scale, unheard of just a few short years ago, would not be possible without the support and dedication of a group of strong partners with a shared vision. We appreciate their efforts and look forward to working closely with Geenex to accomplish more projects in the future."
With this project, ET Capital has showcased its partnership strategy that allows the firm to work with its development and EPC partners in an efficient and sustainable manner that creates a predictable and reliable platform for transacting and closing project opportunities through every phase of development and construction. The creation of this end-to-end solution relieves the burden of seeking multiple sources of capital, saving time and money while increasing profits.
"The entire project is unique," said Georg Veit, CEO of Geenex. "It is developed with invaluable/strong support from the County, as part of an economic development agreement, meaning we are doing much more than just building a solar farm. Geenex's vision doesn't end with one of the largest solar farms in the southeast but extends much further and shows that the industry will see much more from this young and energetic company. "
The system is being built on the former Halifax County Airport site, which was abandoned upon operation of the new Halifax-Northampton Regional Airport. Solar power development at this site allows Halifax County to put idle property into productive use and generate revenues for the County. Adjacent to the solar field, Geenex is building the solar center of excellence, a modern education and operations center which will ensure the project brings strong benefits to the community. The Center will be a pathway to education, training, and employment in renewable energy, as well provide the infrastructure through which the solar industry can grow. Electricity generated by the nearly one hundred thousand modules (approx. 30MW DC) on over 220 acres will be sold to Dominion North Carolina Power under a 15-year power purchase agreement.
Upon completion of the solar farm, Geenex and ET Capital plan to sell the facility to Duke Energy Renewables. "We will work closely with Geenex and ET Capital during construction, and once the project reaches commercial operation, we look forward to adding such a quality, community-centric installation to our growing portfolio of eastern North Carolina solar projects," said Brian Stallman, Vice President of Development, Duke Energy Renewables.
Geenex and ET Capital view this project as the beginning of their entry into the North Carolina solar market. "This is just the start," commented Georg Veit, "We look forward to making a significant economic contribution to the community and providing the residents of Northeast North Carolina with a reliable source of clean, renewable energy."
About ET Solar
ET Solar is a leading smart energy solutions provider. With innovative solar technologies and tailored finance solutions, ET Solar provides professional one-stop solutions throughout the entire solar power plant lifecycle that includes development, financing, engineering, procurement, construction, and operations and maintenance. To learn more about ET Solar and ET Capital, please visit http://www.etsolar.com and http://www.etcapital.us/.
Geenex is a reliable partner for solar solutions. With a background in the highly developed and competitive German solar industry, Geenex has the expertise and know-how to provide and deliver when and where it mattered. Working with American partners, Geenex tailors projects and solutions to satisfy the needs of all customers. To learn more about Geenex, please visit http://geenexsolar.com/.
PR Video https://vimeo.com/93259609
Please send any request to [email protected] or call 704 817 0397
9803738812 / 8005593853
SOURCE ET Solar Energy Corp.
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet condit...
Oct. 10, 2015 02:00 AM EDT Reads: 650
Between the compelling mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how busine...
Oct. 10, 2015 02:00 AM EDT Reads: 295
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficiencies. Begin charting your path to PaaS with OpenShift Enterprise.
Oct. 10, 2015 02:00 AM EDT Reads: 564
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
Oct. 10, 2015 01:00 AM EDT Reads: 756
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
Oct. 10, 2015 01:00 AM EDT Reads: 238
SYS-CON Events announced today that Spirent Communications, the leader in testing navigation and positioning systems, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Spirent Communications enables innovations in communications technologies that help connect people. Whether it is service provider, data centers, enterprise IT networks, mobile communications, connected vehicles or the Inte...
Oct. 10, 2015 01:00 AM EDT Reads: 200
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult - let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and li...
Oct. 10, 2015 12:00 AM EDT Reads: 265
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Oct. 10, 2015 12:00 AM EDT Reads: 174
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively.
Oct. 10, 2015 12:00 AM EDT Reads: 220
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Oct. 9, 2015 11:15 PM EDT Reads: 206
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
Oct. 9, 2015 10:15 PM EDT Reads: 144
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Oct. 9, 2015 10:00 PM EDT Reads: 247
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, will discuss the impact of technology on identity....
Oct. 9, 2015 10:00 PM EDT Reads: 453
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Oct. 9, 2015 09:30 PM EDT Reads: 318
DevOps is gaining traction in the federal government – and for good reasons. Heightened user expectations are pushing IT organizations to accelerate application development and support more innovation. At the same time, budgetary constraints require that agencies find ways to decrease the cost of developing, maintaining, and running applications. IT now faces a daunting task: do more and react faster than ever before – all with fewer resources.
Oct. 9, 2015 09:00 PM EDT Reads: 416