The project marks SolRiver’s 12th project in the Carolinas
ADVANCE, N.C., March 14, 2025 /PRNewswire/ — SolRiver Capital, a Denver-based renewable energy investment firm, announced the start of onsite construction at its 7 MW Longleaf Solar Project in Davie County, North Carolina. SolRiver acquired the project as a development asset, finished the remaining development work, and brought the project to Notice to Proceed (NTP). The project will be owned and operated as part of the company’s larger Carolinas portfolio.
Riley Sullivan, Executive Vice President at SolRiver Capital, commented, “When we purchased the Longleaf project, it wasn’t quite ready to build yet. Fortunately, we have a good playbook for wrapping up development and getting projects built.”
Once finished, SolRiver will have brought a dozen solar projects online in the Carolinas, totaling approximately 100 MW of generating capacity. Longleaf Solar is expected to become operational in Q2 2025. The company is also building the Williams project, a 6 MW installation expected to come online around the same time as Longleaf.
Brandon Conard, Managing Partner at SolRiver Capital, stated, “We’ve been active in this market since 2019 and are happy to add more assets to the mix in North and South Carolina.”
The project is utilizing safe-harbor panels purchased and delivered in 2023. Eligible for safe harbor, these panels were stored in a North Carolina warehouse and have been deployed on this project as well as several other projects built over the past two years. Panel deliveries were recently completed at the Longleaf site. “This approach helped us stay ahead in a rapidly evolving market.” added Brandon Conard.
About SolRiver Capital:
SolRiver Capital (https://solrivercapital.com/) is a leading renewable energy investment firm dedicated to financing the development, construction, and acquisition of projects across the U.S. Founded in 2016, SolRiver currently manages over 1.5 GW of projects across multiple markets and technologies. With a focus on forging strong partnerships and delivering innovative solutions, SolRiver Capital invests in projects that advance sustainability and foster economic growth.
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SOURCE SolRiver Capital
