100-MW renewable energy facility will deliver significant economic benefits to the local community over the next 30+ years
DALLAS – August 17, 2023 – Leeward Renewable Energy, LLC (LRE) today announced that it has completed construction of its 100-megawatt (MW) Oak Trail Solar project near Moyock, North Carolina, and the facility has reached commercial operation. Verizon Communications has supported the development of Oak Trail Solar through a long-term virtual purchase agreement.
LRE hosted a ceremonial ribbon-cutting event, in partnership with the American Clean Power Association (ACP), at the project site today to celebrate the start of operations and the benefits Oak Trail Solar will bring to the local community. The event featured comments from Chief Executive Officer of LRE, Jason Allen; LRE Board Member, Mary Doswell; ACP CEO, Jason Grumet; Nextracker President, Strategy, Software & Administration, Bruce Ledesma; Verizon SVP, Global Supply Chain & Sourcing, and Chief Sustainability Officer, Jim Gowen; and Currituck County Commissioner, Owen Etheridge.
“We are pleased to achieve commercial operation at Oak Trail Solar to help support Verizon’s sustainability goals,” said Jason Allen, LRE’s Chief Executive Officer. “Oak Trail Solar is another example of how LRE seeks to meaningfully contribute to the communities where we live and operate. Our engagement goes well beyond job creation, economic investment, and the generation of clean, renewable energy. We strive to build lasting partnerships with civic leaders, property owners, and community members. At Oak Trail Solar, we are committed to doing just that while preserving and protecting the environment.”
“Verizon is proud to work with organizations like LRE that are key to helping us achieve our sustainability goals,” said Verizon SVP, Global Supply Chain & Sourcing, and Chief Sustainability Officer, Jim Gowen. “The renewable energy produced by Oak Trail Solar furthers Verizon’s commitment to protecting our planet and transitioning to a greener U.S. energy grid.”
Oak Trail Solar created approximately 300 jobs at peak construction and will provide long-term renewable energy jobs and significant property tax contributions to Currituck County. As part of LRE’s commitment to land stewardship, thirty percent of the project acreage will be filled with native vegetation and wildflowers that is utilized for pollinator habitat, screening, and other ecological benefits.
“Currituck County is excited to have a renewable energy project like Oak Trail Solar in our community,” said Josh Bass, President of the Currituck Chamber of Commerce. “The project helps us on a number of fronts and supports funding for essential services that keep our community strong. LRE’s collaboration and values have built good relationships in Currituck County, and we’re looking forward to a long and mutually beneficial relationship with Oak Trail Solar.”
LRE projects are managed across the full project lifecycle with environmental, social, and cultural considerations foremost in mind. The Company prioritizes U.S.-made products and looks to partner with companies that share its vision of establishing a resilient domestic renewable energy industry throughout all aspects of LRE’s business. Oak Trail Solar utilizes First Solar photovoltaic solar modules, which use less energy, water, and semiconductor material in their manufacturing and are designed to have a longer lifespan than other alternatives. The project also employs Nextracker’s leading solar tracker and software technology that optimizes energy capture and reliability features to protect solar panels and mitigate the adverse effects of extreme weather.
About Leeward Renewable Energy
Leeward Renewable Energy (LRE) is a high-growth renewable energy company building a sustainable future for all. The company owns and operates a portfolio of 26 wind, solar, and energy storage facilities across the United States, totaling approximately 2,700 megawatts of generating capacity and is actively developing and contracting a robust pipeline of new renewable energy projects. LRE takes a tailored, full-lifecycle approach to its projects, which is underpinned by its long-term ownership model and purpose-driven culture that is dedicated to benefiting its community partners while protecting and enhancing the environment. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of the largest defined pension plans in Canada, with C$124.2 billion in net assets (as at December 31, 2022). For more information, visit www.leewardenergy.com.
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