Duke Energy wins right for 602 Mw solar power in North Carolina
Duke Energy, one of the largest energy holding companies in the U.S., has won the right to generate or acquire a total of 602 MW of solar power from projects under North Carolina's Competitive Procurement of Renewable Energy (CPRE) programme, U.S.
Of the 602 MW of capacity, Duke Energy will develop six utility-scale solar power projects that may cost up to US$404 million. The projects total about 270 megawatts, with most expected to be online around the end of 2020, Charlotte.
Winners in the CPRE solicitation will develop a total of 14 utility-scale solar projects (two of them include storage capacity) and will be awarded 20-year power purchase agreement (PPA) contracts. Most of the solar facilities are expected to become operational by the end of 2020. The 14 projects will cost between US$602 million and US$903 million to build.
Duke Energy owns and operates more than 35 solar facilities in North Carolina and has invested more than $1 billion in renewable energy in the state. In 2018, the company connected more than 500 MW of new solar capacity. Duke Energy also launched a competitive bidding process for new solar capacity. The process seeks to add 680 MW of new solar capacity in 2019 – enough to power about 125,000 homes at peak output. Winning projects are expected to be named this spring.
Annual solar energy production in North Carolina jumped 36 percent in 2018. At year-end 2018, U.S. Energy Information Administration (EIA) reported North Carolina produced 7.2 million megawatt-hours of solar generation – enough to power more than 600,000 homes. North Carolina was third in the nation for connecting new solar projects in 2018.
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