Duke Energy Renewables, a subsidiary of Duke Energy, expands its solar energy portfolio by acquiring the 200 MWac/266 MWp Rambler solar project from Recurrent Energy, a wholly-owned subsidiary of Canadian Solar Inc. The project will be located in Tom Green County, Texas and is expected to achieve commercial operation in mid-2020.
The energy generated from the Rambler solar project will be sold to a customer under a 15-year agreement. The 200 MWac project will utilize more than 733,000 of Canadian Solar's high efficiency bi-facial BiKu modules across approximately 1,700 acres west of San Angelo, Texas. Rambler will power the equivalent of 40,000 homes, and Duke Energy Renewables will provide long-term operations and maintenance services to the project.
The project is expected to employ 400 workers at peak construction. Along with indirect economic benefits that accompany solar project development – such as increased local spending in the service and construction industries – Rambler will also directly provide several million dollars to Tom Green County and to the local school district over the 40-year life of the project.The Rambler solar project, which is the fifth acquisition by Duke Energy Renewables this year, will be the company's fourth solar generation facility in Texas. The Rambler project also represents one of seven large-scale projects in Recurrent Energy's development portfolio within the state.
Canadian Solar expects to recognize the majority of the revenue from the sale of the project in the third quarter of 2019.
