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GreenCo to Purchase Renewable Energy Certificates from New Duke Energy Commercial Solar Project in North Carolina

MURFREESBORO, N.C. Jan. 24, 2011 Hertford County

Groundbreaking at the 6.4-megawatt (DC) Murfreesboro Solar Project (equivalent to 5 MW AC) is expected this spring. When completed in late 2011, the solar farm will be capable of generating enough electricity to power about 700 average-sized homes.

GreenCo Solutions, a company owned by 22 electric cooperatives, will buy all renewable energy certificates (RECs) generated by the facility to assist its members in meeting their solar power requirement under the state’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS). GreenCo executed a 20-year purchase agreement with Duke Energy Renewables, a newly renamed part of Duke Energy’s unregulated, commercial business.

The electricity produced by the solar farm will be purchased by NCEMC, the power supply organization for the majority of the state’s electric cooperatives, under a 20-year agreement.

Murfreesboro December 2010

Rick Thomas

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Murfreesboro Raleigh, N.C.

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