Duke Energy spending $500 million to buy solar power operations

RALEIGH (WTVD) -- Duke Energy announced Monday it is spending $500 million to buy three solar power facilities and will buy power from five others.

In a news release, the company said the move will further its commitment to renewable energy.

The company will acquire and construct three solar facilities located in Bladen, Duplin, and Wilson counties.

"This is Duke Energy's largest single announcement for solar power and represents a 60 percent increase in the amount of solar power for our North Carolina customers," said Rob Caldwell, senior vice president, Distributed Energy Resources. "We are bringing large amounts of renewable energy onto our system in the most cost-effective way possible."

The projects being purchased are:

  • Warsaw Solar Facility, Duplin County (developed by Strata Solar) - 65 megawatts

  • Elm City Solar Facility, Wilson County (developed by HelioSage Energy) - 40 megawatts

  • Fayetteville Solar Facility, Bladen County, near Cumberland County line (developed by Tangent Energy Solutions) 23 megawatts

  • Duke will buy power from:

  • Bladen County (developed by Innovative Solar Systems) - 48 megawatts

  • Richmond County (developed by FLS Energy) - 48 megawatts

  • Scotland County (developed by Birdseye Renewable Energy) - 20 megawatts

  • Cleveland County (developed by Birdseye Renewable Energy) - 19 megawatts

  • Beaufort County (developed by Element Power US) - 15 megawatts

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