27 Aug '14, 6pm

Seminole Financial Services, LLC surpasses $500 million mark in renewable energy financing

Seminole will finance a $37.8 million construction loan toward the total project development cost of the Halifax County Old Airport Solar Project located on a 220-acre site in Halifax County, North Carolina. The project is jointly developed by Geenex and ET Solar’s U.S. subsidiary ET Capital, and will consist of a combination of ET Solar ground-mounted solar modules. On-site construction for this project has commenced, with installation expected to be completed and placed in service by December, 2014. Once complete, the solar installation will generate renewable energy to the electric grid through a power purchase agreement with the Virginia Electric and Power Company, doing business as Dominion North Carolina Power. With the closing of the 29.6 MW Halifax County Old Airport Solar Project, located in Roanoke Rapids, North Carolina, Seminole Financial Services has committed...

Full article: http://www.renewableenergyfocus.com/view/39812/seminole-f...

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