Duke Energy Announces 16-MW Solar Deal with SunEdison

Duke Energy Carolinas announced it will purchase the entire electricity output from one of the nation’s largest photovoltaic solar farms to be built in Davidson County, North Carolina. Under agreements signed with SunEdison, customers of Duke Energy Carolinas are expected to receive more than 16 megawatts (MW) of power from the solar farm beginning no later than Dec. 31, 2010. The agreements run for 20 years.

The SunEdison agreements are a result of a request for proposals (RFP) that Duke Energy issued in April 2007. It was the first RFP of its kind in North Carolina and was specifically designed for potential renewable providers.

“We said we wanted to lead the way in the development of more renewable energy and we meant it,” said Keith Trent, group executive and chief strategy, policy and regulatory officer. “Today’s agreements, coupled with the other significant initiatives across our company, clearly demonstrate that renewable energy has an important place in our power generation portfolio.”

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