Optus Bank Powers Sustainability by financing 112.5-Megawatt DC Solar Farm in North Carolina

Optus Bank announced today that it has provided a development loan to Headwater Energy, which allows them to advance their solar development project located in rural North Carolina. The total financing amount of $32 million advances the late-stage development of Gum Swamp Solar, a 112.5-Megawatt DC Solar Farm located in Scotland County, NC. According to Headwater Energy, the Solar Farm is projected to produce 191,698 MWh of electricity annually. This production equates to one year of electricity consumption of approximately 17,000 U.S. households based on usage statistics from the Energy Information Agency.