Williamston Speight Solar

Williamston Speight Solar was developed by a large scale solar system developer, to generate 15.44 mW AC solar array in Williamston, NC. The developer has a history of developing successful projects since 2010. The technology has been implemented globally on a massive scale over 40 years.

Williamston Speight Solar entered into an Offtake/ Power Purchase Agreement with Dominion North Carolina Power, a regulated entity, to purchase electricity generated by the solar array for 15 years.

Dominion North Carolina Power is the electric distribution company in NC for Dominion Energy, Inc. with a strong A2 senior unsecured rating from Moody’s. Dominion is one of the largest producers and transporters of energy with a portfolio of 26,400 MW of generation and a market capitalization of $40.3 Billion. Dominion is a Fortune 500 company trading on the NYSE under symbol D.

Thomas USAF is happy to provide liquidity to banks participating in the renewable energy sector using both the REAP and USDA B&I programs. We put the highest premiums on the table based on the structure, including rate, reset frequency and prepayment penalty. If you are currently making loans to solar farms or are thinking about it, you can benefit from the knowledge and expertise of Thomas USAF. Avoid surprise outcomes in a volatile fixed-income environment.