US Solar Fund completes acquisition of 11 MW of solar in N Carolina

London-listed investment company US Solar Fund Plc (LON:USF) on Monday said it has closed the purchase from Greenbacker Renewable Energy Company LLC of three operational solar power facilities in North Carolina with a combined direct current (DC) capacity of 11 MW. Earlier this month, the company announced it had closed the acquisition of cash equity interests in five operational utility-scale solar farms in North Carolina with a total capacity of 28 MW, also part of the deal. The agreement for the eight solar parks with а total DC capacity of about 39 MW was announced at the end of December. The eight solar farms sell their electricity under long-term power purchase agreements (PPAs) with subsidiaries of Duke Energy.