BIG SOLAR COMES TO THE SOUTHEAST

Duke Energy commits $500 million to N.C. solar power expansion

John Downey, Sept. 15, 2014 (Triangle Business Journal)

“…[Duke Energy]is making a $500 million commitment to a major expansion of solar power in North Carolina…The company will acquire and construct three solar facilities — totaling 128 megawatts of capacity — including the largest solar photovoltaic facility east of the Mississippi River…Duke also signed power-purchase agreements for five new solar projects in the state, representing 150 megawatts of capacity…Together, the eight projects will have a capacity of 278 megawatts. The $500 million commitment includes the investment in the three facilities and the value of the five long-term power-purchase contracts…The company says the initiative will help further its commitment to renewable energy, diversify its energy portfolio and meet North Carolina’s Renewable Energy and Energy Efficiency Portfolio Standard…” click here for more

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