NTE Energy Secures Certificate of Public Convenience and Necessity for its Fayetteville Solar Energy Center

ST. AUGUSTINE, Fla.–(BUSINESS WIRE)–NTE Carolinas Solar, LLC (“NTE”), an affiliate of NTE Energy, was
granted its Certificate of Public Convenience and Necessity (“CPCN”)
from the North Carolina Utilities Commission on June 5, 2017 for its
Fayetteville Solar Energy Center, located near Fayetteville, in
Cumberland County, North Carolina. The issuance of the CPCN, a
requirement for beginning construction, is a crucial step for the 30 MW
project.

The Fayetteville Solar Energy Center will be an efficient, clean source
of renewable energy and capacity for communities and utilities in the
Carolinas and across the Southeast. The facility will consist of
approximately 124,000 solar photovoltaic modules, generating electricity
directly from sunlight, producing enough renewable power to supply
approximately 6,000 homes.

“NTE Energy is proud to enter the renewable market with the Fayetteville
Solar Energy Center, which will provide a clean source of energy to the
Carolinas,” said Seth Shortlidge, President and CEO of NTE Energy.

The project is expected to commence construction in 2018 and is expected
to reach full commercial operation in 2020.

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. For more information, please visit www.nteenergy.com

Contacts

NTE Carolinas Solar, LLC
Josh Brooks, 904-687-1857
jbrooks@nteenergy.com