Duke Energy unwraps 1 MW PV system in North Carolina
(ADPnews) - Nov 12, 2010 - Duke Energy Generation Systems (DEGS), a unit of US-based Duke Energy Corp (NYSE:DUK), yesterday inaugurated a 1 MW solar power installation in Taylorsville, North Carolina.
The photovoltaic (PV) project was acquired from US solar electricity company SunEdison LLC, a unit of MEMC Electronic Materials (NYSE:WFR), last month. It comprises 4,224 panels, which have been generating carbon-free power since early October.
The electricity output from the facility will be bought by electric cooperative EnergyUnited under a 20-year power purchase agreement (PPA). Serving the North Carolina residents, the cooperative will also receive all associated renewable energy credits (REC) from the system. It will help EnergyUnited to meet the state's Renewable Energy Efficiency Portfolio Standard, which requires to obtain 10% of its energy from alternative sources by 2018.
That is the third PV system in DEGS' commercial solar generation portfolio. At present, the company owns and operates a 1 MW PV project in Shelby, North Carolina, and a 14 MW facility in San Antonio, Texas.