SolRiver Capital Launches Grayfox Solar Project to Boost North Carolina's Renewable Energy and Agriculture

Energy

Feb 12

CHARLOTTE, N.C., February 12, 2024 (VSNewsNetwork.com) - Renewable energy investment firm, SolRiver Capital, has announced the completion of the Grayfox Solar Project, a 6 megawatt (MW) solar energy installation in North Carolina. According to the company, this project is part of SolRiver Capital's broader strategy to diversify energy sources, stimulate local economies, and offer attractive investment opportunities.

The Grayfox Solar Project is noted for its unique approach to integrating renewable energy production with local agricultural practices, facilitating dual land use. This method allows for the continuation of sustainable farming alongside clean energy generation. "This project exemplifies our strategy to harmonize renewable energy development with agricultural preservation," said Brandon Conard, CEO of SolRiver Capital.

The project has brought significant economic benefits to North Carolina, including job creation during its construction phase and ongoing employment opportunities through its maintenance. It is also expected to generate substantial property tax revenue, which will support local schools, emergency services, and infrastructure projects. This underscores SolRiver Capital's impact on economic development within the region.

From an energy security perspective, the Grayfox Solar Project contributes to North Carolina's energy independence by adding clean, renewable power to the state's energy mix. This diversification of energy sources is aimed at enhancing the reliability of the local power supply and reducing the area's vulnerability to fluctuations in fossil fuel markets.

"The Grayfox Solar Project is a testament to our commitment to driving forward the renewable energy sector, supporting local communities, and delivering value to our partners," Conard stated. He expressed appreciation for the support from partners, local government officials, and the community in bringing the project to fruition, highlighting SolRiver Capital's commitment to sustainable energy solutions that benefit the environment, economy, and society.

For further information on SolRiver Capital and its projects, visit https://solrivercapital.com.

Source: SolRiver Capital via Newswire