DUKE & CHINA ENN PARTNER ON SUN

Duke Energy and China-Based ENN Group to Build Solar Power Projects in U.S.
October 23, 2009 (PRNewswire via Reuters)

"… ENN and Duke Energy will concentrate on two types of solar photovoltaic designs: large "utility-scale" solar farms and commercial distributed generation solar projects. Distributed generation systems produce electricity close to where the energy is used, rather than at large, central power plants.

"This joint development agreement builds upon a memorandum of understanding
announced Sept. 23 at the Clinton Global Initiative's annual meeting at which time the companies pledged to work together to accelerate the development of low-carbon and clean energy technologies."

From ENN (click to enlarge)

[Jim Rogers, CEO, Duke Energy:] "China is investing heavily in clean energy and we can make greater progress in the U.S. by joining forces and working together…Duke Energy and ENN seek to not only accelerate the development of solar power in the U.S., but help achieve economies of scale and drive down the cost of renewable energy."

{Wang Yusuo, Chair, ENN:] "ENN and Duke Energy have very complementary strengths…We are both dedicated to the development and use of low-carbon, clean energy sources to combat the climate change crisis facing all humanity."

They have a lot of sun to work with. (click to enlarge)

"Duke Energy Generation Services (DEGS)…will team with ENN to develop, own and operate the solar projects…[This] will expand DEGS' existing investments in renewable energy - including wind and biopower - and commercial transmission. DEGS owns and operates more than 630 megawatts (MW) of wind power projects in the U.S. and plans to add another 350 MW by the end of 2010. In the biopower market, DEGS is developing wood-waste-to-electricity power plants in the U.S. through ADAGE, the company it formed in 2008 with French-based AREVA…

"ENN is committed to clean energy for China and the world…[Founded] 20 years ago, ENN… has more than 100 subsidiaries in over 80 cities across China and around the world, and employs more than 24,000 people…ENN Solar Energy is an international company that produces world-leading silicon thin film solar modules. It has also created an innovative system of integrated solar power stations…"