Duke Energy Renewables more than doubles its North Carolina solar portfolio


Duke Energy Renewables more than doubles its North Carolina solar portfolio

Duke (NYSE:DUK)

CHARLOTTE, N.C., Sept. 9, 2015 /PRNewswire/ —

Duke Energy Renewables today announced it has completed four solar power projects in Eastern North Carolina, adding 30 megawatts (MW) of solar in the state.

New Duke Energy logo.

The projects are located in the towns of Creswell, Everetts, Battleboro and Sunbury.
Duke Energy Renewables has an additional 132 MW of solar energy under construction that is expected to be complete by year end. Phase II of the DC institutions’ solar project underway in Kelford and Whitakers will add 32 MW.

And, work has begun on Duke Energy Renewables’ 80-MW site in Conetoe, the largest solar power project under construction east of the Mississippi.

“With these additions to our existing 105 MW portfolio, we are more than doubling our solar capacity in North Carolina,” said Greg Wolf, president Commercial Portfolio, Duke Energy. “Providing increasingly clean power is important to our company and customers, and we are pleased to take part in the state’s growing solar industry.”

The energy generated from the completed Creswell, Everetts, Battleboro and Sunbury solar projects will be sold to Dominion NC Power. The output from Capital Partners Phase II will go to George Washington University, American University and George Washington University Hospital. Conetoe’s customer is under negotiation. These facilities will produce enough energy to power about 32,000 average homes.

SunEnergy1 is the developer and builder for the projects.

“We are proud to be continuing our long-term relationship with Duke Energy Renewables,” said Kenny Habul, CEO SunEnergy1. “This significant amount of solar installations in small towns has provided a massive boost to the local economies and jobless rates. We applaud Duke Energy Renewables for their investment and their vision for renewable energy.”

Shawboro, a 20-MW solar site announced in July, is under construction in Currituck County, bringing the 2015 projects to a total of 160 MW.

With 105 MW of solar projects already in operation in North Carolina and the 160 MW that will be completed this year, Duke Energy Renewables will have a total of 265 MW of solar power in service statewide by year end.

Summary of Duke Energy Renewables 2015 solar projects in North Carolina:

Project name
Location
Size (AC)
Project status
Creswell
Washington County
14 MW
In service
Everetts
Martin County
5 MW
In service
Battleboro
Edgecombe County
5 MW
Construction completed
Sunbury
Gates County
5 MW
Construction completed
Capital Partners Phase II
Kelford and Whitakers
32 MW
Under construction
Conetoe
Edgecombe County
80 MW
Under construction
*Shawboro
Currituck County
20 MW
Under construction
*SunEnergy1 built or is building all projects, except for Shawboro, which is under
construction by Swinerton Renewable Energy.

Duke Energy Renewables, a commercial business unit of Duke Energy, has 22 solar facilities in NC complete and under construction, representing 265 MW and an investment of more than $500 million.

News editors: solar photos or video available upon request

About Duke Energy Renewables

Duke Energy Renewables, part of Duke Energy’s Commercial Portfolio, is a leader in developing innovative wind and solar energy generation projects for customers throughout the United States. The company’s growing portfolio of commercial renewable assets includes 16 wind farms and 34 solar farms in operation in 12 states, totaling more than 2 gigawatts in electric-generating capacity. Learn more at http://www.duke-energy.com/renewables.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at http://www.duke-energy.com. Follow Duke Energy on Twitter, LinkedIn and Facebook.

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