Briefing on Watson Seed Farm PV1

Watson Seed Farm PV1 is an operating 20 MW solar PV plant in North Carolina, demonstrating a consistent energy value over 10 years despite a recent 16% decline in generation.

Overview

• Plant Name: Watson Seed Farm PV1

• Technology: Solar Photovoltaic (PV)

• Capacity: 20 MW

• Location: North Carolina

• Status: Operating since 2015

Operations and Generation

• EIA Operator: Strata Manager, LLC

• Ownership: Fresh Air Energy XVII, LLC

• Grid Interconnection: PJM Interconnection (ISO and BA), SERC (NERC)

• Annual Generation: 31 GWh

• Capacity Factor: 17.6%

• Recent Monthly Generation: 3 GWh (Oct 2024), 1 GWh (Nov 2024), 2 GWh (Dec 2024)

• Generation Trend: Down 16% over the past 6 months compared to the prior 6 months

Financial Profile

• Energy Value: $26.2/MWh

• Data Sources: lbnl_solar, oedi_solar_value

• Financial Data Span: 10 years (2015–2024)

Context and Comparisons

• Similar Plants: Montross Solar, RE Kent South, LLC, RE Old River One, LLC

• Nearby Plants: Whitakers, Whitakers Farm (Fisher Rd), Cummins Whitakers PV Arrays

Watson Seed Farm PV1 is a well-established 20 MW solar PV plant in North Carolina with a decade of financial data, though recent generation shows a notable decline. Its operational metrics and financial valuation offer a clear profile within the regional solar landscape.