Duke Energy buys 100-MW Mississippi solar project contracted by Toyota
Clearway's Hurricane Creek solar farm in Illinois. Image by Clearway Energy Group.
November 22 (Renewables Now) - US utility Duke Energy (NYSE:DUK) on Monday announced it has acquired a 100-MW solar project in Mississippi that has a power off-take deal in place with Toyota North America.
The Wildflower Solar project was purchased by Duke Energy Sustainable Solutions, a non-regulated commercial brand of the utilities company, for an undisclosed amount. The vendor is Clearway Energy Group.
To be located in Mississippi's Desoto County, the photovoltaic (PV) park is planned to enter construction at the end of this year and become fully operational in late 2023. It is expected to produce enough electricity to supply around 21,000 homes.
Wildflower Solar, to be sited in proximity to Toyota’s manufacturing base in the state, will be operated under a 15-year virtual power purchase agreement (VPPA) with the North American arm of Japanese carmaker Toyota Motor Corp (TYO:7203) for an up to 80-MW portion of the capacity.
For Duke Energy, the acquisition will mark its entry into the Mississippi market. The utility, which already has more than 10.5 GW of wind and solar power assets, said it will operate Wildflower Solar by itself.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.