ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--NTE Carolinas II, LLC (“NTE”), an affiliate of NTE Energy, was granted its Air Permit from the North Carolina Department of Environmental Quality – Division of Air Quality on July 14, 2017 for its Reidsville Energy Center. The receipt of this Air Permit, together with the issuance of the final Certificate of Public Convenience and Necessity (“CPCN”) from the North Carolina Utilities Commission in January completes the state and local permitting steps required for NTE to finance and construct the Reidsville Energy Center. The Reidsville Energy Center is a 500 MW natural gas-fired electric generating facility, located in Rockingham County, N.C. The facility will be a source of clean and efficient electric capacity and energy for many communities and utilities in the Carolinas.
“The issuance of the Air Permit achieves a critical permitting milestone for the facility,” said Seth Shortlidge, CEO of NTE Energy. “NTE is pleased to bring the essential, economic and reliable power from this facility to the wholesale markets in the Carolinas.”
NTE is currently in the final stages of completing long term power purchase agreements with several entities in the Carolinas, offering the opportunity to lock in the extremely competitive pricing that is being offered. The first of these contracts will be executed in the next couple months.
The Reidsville Energy Center is expected to begin construction in the first quarter of 2018, and reach commercial operation in 2021. This Rockingham County facility will be similar in size and design to NTE’s Kings Mountain Energy Center, located in Kings Mountain (Cleveland County), N.C., which is currently under construction and will soon begin start-up activities. The Kings Mountain facility will be operational in the summer of 2018.
About NTE Energy
NTE Energy focuses on the development and acquisition of strategically located electric generation and transmission facilities within North America. The team executes all aspects of project development, construction and asset management. NTE Energy currently has two projects under construction, the Middletown Energy Center (Middletown, OH) and the Kings Mountain Energy Center (Kings Mountain, N.C.), and is actively developing four projects located in Connecticut, North Carolina and Texas, as well as pursuing early-stage opportunities in several other locations. For more information, visit www.reidsvilleenergy.com or www.nteenergy.com. For Offtake/Commercial inquiries, contact Mike Bradley, SVP Commercial Services at 770-517-9636 or firstname.lastname@example.org.