energyRe Secures 25-Year PPAs for 360 MW of Solar Capacity in South Carolina

New updates have been reported about energyRe.

energyRe has signed 25-year power purchase agreements with a major investor-owned utility in South Carolina for five utility-scale solar projects totaling 360 megawatts of capacity, marking a significant expansion of the company’s contracted portfolio in the Southeast. The projects—Shorthorn Solar, Culpepper Solar, Clarendon Solar, Rollins Solar, and Ross Solar—are expected, once operational, to deliver enough electricity to power roughly 58,600 homes annually, locking in long-term revenue visibility for energyRe and supporting grid reliability in a region with rising load growth. While financial terms were not disclosed, the length and scale of the PPAs indicate a durable cashflow profile and reinforce energyRe’s positioning as a preferred counterparty for large regulated utilities seeking affordable renewable generation.

COO Ryan Brown framed the agreements as a core component of energyRe’s strategy to pair competitive pricing with reliability while creating local economic and environmental benefits across the Carolinas. The South Carolina portfolio adds to energyRe’s 16 GW U.S. development pipeline spanning generation, transmission, storage, and distributed projects, and demonstrates the company’s ability to convert pipeline into long-term contracted assets with investment-grade utility buyers. Strategically, these deals deepen energyRe’s footprint in a key growth market, support its community-first development model through local engagement and public‑private collaboration, and position the company to capture further opportunities as utilities in the region pursue decarbonization and capacity additions. The projects’ long-dated offtake structure should enhance bankability and financing options, supporting future capital deployment and potential scaling or replication of similar PPAs across other U.S. regions.