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    • Wednesday, November 16, 2011

    DUKE BUYS SUN

    Duke Energy Acquires Three N.C. Solar Farms
    15 November 2011 (Solar Industry)

    "Duke Energy Renewables has acquired three 1 MW commercial solar projects in the southwestern corner of North Carolina. The company says it now owns seven commercial solar farms in the state.

    "Duke Energy Renewables, part of Duke Energy's commercial businesses, purchased the portfolio of PV projects from ESA Renewables LLC, which designed and built the generation sites…"

    click to enlarge

    "The power from each of the newly acquired solar farms is sold through Blue Ridge Mountain EMC to the Tennessee Valley Authority (TVA), as part of the TVA's Generation Partners program. The length of the power purchase agreements is 10 years. The TVA will also receive the renewable energy certificates created by the projects.

    "ESA Renewables will handle operations, monitoring and maintenance at each of the solar farms."

    posted by Herman K. Trabish @ 4:57 PM

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