Raleigh-based Holocene Clean Energy and Hamburg, Germany-based Conergy have closed financing on the purchase of five NC Solar projects that will total 28 megawatts valued at $60 million.

Conergy and Holocene arranged federal and North Carolina state tax equity investments from two prominent US banks and provided development and sponsor equity capital. The transaction marks Conergy’s focus on growing its US market share following its latest equity round, led by major utility RWE.

The solar farms are located across five locations in Eastern North Carolina. Construction began in February and will be completed in 2015. The facilities, located in Johnston, Duplin, and Franklin counties, will bring significant employment opportunity, while boosting local tax revenue without burdening existing municipal services. Duke Energy will purchase electricity generated by the systems under a 15-year agreement.