Duke Energy Buys Two Solar Farms

Duke Energy Buys Two Solar Farms

The Ajo Solar Project, located in Pima County, uses close to 21,000 photovoltaic (PV) solar panels that can generate nearly five megawatts (MW) of electricity. The Bagdad Solar Project, expected to achieve commercial operation by the end of this year, will employ around 72,000 solar panels to generate 15 MW of electricity.

Duke Energy Renewables President, Greg Wolf, says the acquisition of the solar farms “puts Duke Energy in a position to help Arizona’s largest and longest-serving energy service provider deliver even more affordable, zero-emission renewable power to its customers. For Duke Energy, this landmark deal doubles our portfolio of commercial solar projects in operation and instantly expands our footprint to the western United States.”

Recurrent Energy Chief Executive Officer, Arno Harris, notes: “These projects represent an important step in realizing our mission to establish solar as a mainstream source of electricity. We’re thrilled to have a partner of Duke Energy’s caliber step into the ownership role for these innovative solar projects.”

AMEC designed and built the Ajo and Bagdad projects and will be responsible for operating and maintaining the sites under the terms of five-year service agreements with Duke Energy Renewables.

Beside this acquisition, Duke Energy Renewables owns seven PV facilities in operation: a 14-MW solar farm in San Antonio, Texas; a 6-MW project in Orlando, Florida; and five one MW sites in North Carolina. The company is also in the process of building a 5-MW facility in Murfreesboro, N.C.

Duke Energy Renewables owns ten operating wind farms and eight solar farms in seven states. Since 2007, Duke Energy has invested more than $1.75 billion to grow its commercial wind and solar businesses. For more information, visit www.duke-energy.com/renewables.


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