Duke Energy buys 20-MW distributed PV portfolio in Georgia

Millfield solar park, North Carolina. Author: PRNewsFoto/Duke Energy

January 16 (Renewables Now) - US utility Duke Energy (NYSE: DUK) said on Wednesday it has finalised the acquisition of a 20-MW solar project portfolio in Georgia that will be fully operational by the end of March.

Through Duke Energy Renewables' distributed generation arm REC Solar, the company has acquired the last project of the portfolio that consists of already operational and under-construction assets. Each of the nine schemes was developed under an engineering, production and procurement (EPC) contract between REC Solar and Inman Solar Inc.

With individual capacities ranging between 1.7 MW and 2.6 MW, the solar plants will use a total of 81,060 photovoltaic (PV) panels and will operate under long-term power purchase agreements (PPAs) with Georgia Power. The utility will buy their output and renewable attributes under its Renewable Energy Development Initiative (REDI).

Following the latest acquisition, Duke Energy Renewables has expanded its portfolio of distributed solar projects in Georgia to 47.4 MW.

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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.

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