New Bern Solar Project Harnesses the Sun's Energy From Warehouse Rooftop

ESA Renewables completes 1.26-megawatt solar power plant, Eastern North Carolina's largest. End Quote

(1888PressRelease) April 06, 2012 - Eastern North Carolina's largest solar photovoltaic (PV) array is online and generating electricity from atop a massive rooftop in New Bern. The 1.26-megawatt (MW) solar PV array was built and will be operated by ESA Renewables, LLC, and Progress Energy Carolinas will purchase the electricity it generates to serve the utility's customers.

This solar PV project is part of the utility's plan to meet the requirements of North Carolina's renewable portfolio standard. Progress Energy has more than 240 MWs of renewable energy under contract in North Carolina to help meet the requirements of this law, including solar, biofuels, landfill methane and other technologies.

"We remain committed to responsibly pursuing renewable energy resources, and we are pleased that our portfolio of solar projects continues to expand," said Lloyd Yates, president and chief executive officer of Progress Energy Carolinas. "Projects such as this, coupled with our aggressive energy-efficiency programs and advanced generation facilities, will provide the clean, reliable, affordable power our customers rely on us to provide. We are proud to partner with ESA on this innovative project."

The New Bern solar array will generate about 1.5 million kilowatt-hours (kWh) of electricity per year, reducing carbon dioxide emissions by more than 1,000 tons annually. This is equivalent to the annual greenhouse gas emissions from about 200 vehicles. The expected annual energy output equals the annual energy usage of about 100 typical households.

"ESA is excited to have one of Progress Energy Carolinas' largest installations in the east under our belt," says ESA President Jeffrey Burkett. "We are ready to see what 2012 will hold for ESA and we will continue to bring solar to the communities of North Carolina and all around the United States."

Using Poly-crystalline Canadian Solar modules, the array will cover approximately 177,160 square feet of the roof area, becoming one of Progress Energy Carolinas largest installations in the east to date, including ground mounted systems. ESA will operate and maintain the system for the duration of the contract with Progress Energy Carolinas. Included in the operation and maintenance contract is ESA's own proprietary monitoring system, which was developed in house. The monitoring system is an effective, preventative, and corrective maintenance system that helps monitor the plant with real time data and alerts.

About ESA Renewables, LLC:
ESA Renewables has positioned itself as a leader in the industry providing turnkey solar PV systems globally. ESA owns and operates a diverse portfolio of more than 500 solar PV power generating facilities located in the United States, Puerto Rico, Spain and Italy. ESA's scope of services includes financing, engineering, construction, testing and operation and maintenance. With headquarters in Castellon Spain, ESA has additional offices in Florida, North Carolina, Puerto Rico, Chile and Italy. For more information about ESA Renewables, LLC, please visit http://www.esarenewables.com or call 407-268-6455.

About Progress Energy:
Progress Energy (NYSE: PGN), headquartered in Raleigh, N.C., is a Fortune 500 energy company with 23,000 megawatts of generation capacity and approximately $9 billion in annual revenues. Progress Energy includes two major electric utilities that serve about 3.1 million customers in the Carolinas and Florida. The company has earned the Edison Electric Institute's Edison Award, the industry's highest honor, in recognition of its operational excellence, and was the first utility to receive the prestigious J.D. Power and Associates Founder's Award for customer service. The company is pursuing a balanced strategy for a secure energy future, which includes aggressive energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system. Progress Energy celebrated a century of service in 2008. Visit the company's website at www.progress-energy.com.

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