The Duke Energy Renewables unit of Duke Energy (NYSE: DUK) on May 2 announced it has acquired six 5-MW solar projects in Eastern North Carolina from Community Energy.
Five of the six sites are in service, with the final project, Seaboard, coming on line in May. Output from the solar projects is being sold to Virginia Electric and Power d/b/a/ Dominion North Carolina Power under 15-year agreements. Dominion NC Power is a unit of Dominion Resources (NYSE: D).
“Last year, our commercial and regulated businesses added 300 MW of solar power in North Carolina, and these projects continue the momentum of renewable energy growth in the state,” said Greg Wolf, president of Duke Energy Commercial Portfolio.
The solar sites are named for the town in which they are located:
- Tarboro Solar, Edgecombe County;
- Winton Solar, Hertford County;
- Seaboard Solar, Northampton County;
- Woodland Solar, Northampton County;
- Gaston Solar, Northampton County; and
- Garysburg Solar, Northampton County.
“Community Energy was one of the early entrants into both North Carolina and eastern solar markets and greatly appreciates the opportunity to now be working with an industry leader like Duke Energy Renewables on these projects”, said Eric Blank, president, Community Energy Solar.
Gehrlicher Solar America Corp., a division of M&W Americas Inc., constructed the projects. About 135,000 solar modules were installed on the six sites.
Last year alone, Duke Energy added 300 MW of solar energy in North Carolina. In total, Duke Energy companies, both regulated and commercial, have installed about 450 MW of solar energy in the state.
Duke Energy has invested more than $4 billion in renewable energy and plans to invest about $3 billion over the next five years.
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 18 wind farms and 42 solar farms in operation in 12 states, totaling about 2,500 MW in electric-generating capacity.
Since its inception in 1999, Community Energy has led the development and construction of more than 1,200 MW of wind and solar generating facilities. Community Energy has used a mix of utility off-take approaches, renewable energy marketing, and development expertise to accelerate the deployment of renewable energy technologies at scale. With offices in Chapel Hill, N.C., and headquarters in Radnor, Pa., Community Energy has a strong presence in multiple renewable energy markets.