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Reliance Ind. Considers REC Solar Acquisition (M&A)
Reliance Ind., REC Solar
Date: 2021-09-03
Mumbai-based Indian industrial conglomerate Reliance Industries is reportedly planning to acquire Duke Energy Renewables subsidiary REC Solar for roughly $1 billion to $1.2 billion. Reliance is reportedly in talks with several unspecified lenders to support the transaction.

As previously reported, Reliance Industries, which focuses on the energy, petrochemical, natural gas, and other industries, plans to invest $8.1 billion over the next three years to build giga-factories for solar, green hydrogen, energy storage, electrolyzers, and fuel cells, including an integrated PV module factory in France.

REC Solar's annual production capacity stands at roughly 1.8 GW. (Source: Reliance Energy, PR, 2 Sept., 2021) Contact: Reliance Industries, www.ril.com; REC Solar, Singapre-based www.ril.com; REC Solar, Matt Walz, CEO, 805.471.0085, www.recsolar.com

More Low-Carbon Energy News Reliance Industries,  REC Solar,  


Duke Energy 22.6-MW N.C. Solar Park Underway (Ind. Report)
Duke Energy Renewables
Date: 2021-05-28
Duke Energy Corp reports construction is underway on the 22.6-MW solar park in Cabarrus County North Carolina.

The solar park, which will incorporate 77,000 Jinko Solar bifacial modules on single-axis trackers, will be owned and operated by Duke Energy Sustainable Solutions -- a new commercial brand of the utility.

The project is being constructed by California-based construction group Swinerton and is expected to be commissioned and operational by the end of the year when it will generate sufficient energy for roughly 5,000 homes. (Source: Duke Energy, PR, 27 May, 2021) Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy Renewables,  Jinko Solar,  Solar,  


Duke Energy Florida Installs 2Mn Smart Meters (Ind. Report)
Duke Energy
Date: 2021-04-30
US utility Duke Energy is reporting completion of the installation of roughly 2 million smart meters in the Sunshine State.

The smart meter installations are part of Duke's digital transformation initiative and to improve customer services, revenue collection and grid management. Smart Meters will also provide real-time energy usage data to help consumers make smarter choices regarding electric power use and improving energy efficiency. (Source: Duke Energy, PR 29 Apr., 2021) Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy Florida,  Smart Meter,  Energy Efficiency,  


Duke Energy Plans to Triple Renewable Energy by 2030 (Ind. Report)
Duke Energy
Date: 2021-04-28
In its just released 15th Sustainablilty Report, Charlotte, North Calolina-headquartered Duke Energy notes it plans to triple the amount of renewable energy it produces from company power plants and dramatically reduce carbon emissions by 2030.

Currently, 7 pct of Duke Energy's company-owned electrical output comes from wind, solar and hydroelectric plants. That figure is projected to grow to 23 pct by 2030. The company is also undertaking its aggressive renewable energy build-outs with wind and solar projects currently under construction in Florida, North Carolina, Oklahoma and Texas. Over the next three years, Duke will also add 280 mw of pumped storage hydro capacity at its Bad Creek facility in South Carolina.

The company is also overseeing the largest coal retirement in the industry and since 2010 has retired 51 coal-fired units and is aiming to cut carbon emissions 50 pct by 2030 to reach net-zero carbon emissions by 2050. To that end, the company is on track to operate or purchase 16,000 mw of renewable energy capacity by 2025 and is investing in major electric grid upgrades, expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear, according to the release.

Duke Energy also announced Duke Energy Sustainable Solutions, a new comprehensive brand for its non-regulated commercial renewables business. The brand unifies products and services offered by several Duke Energy subsidiaries, including Duke Energy Renewables, REC Solar and Duke Energy One. (Source: Duke Energy, PR, 28 Apr., 2021) Contact: Duke Energy, Katherine Neebe, VP National engagement & Strategy, Chief Sustainability Officer, Duke Energy Sustainable Solutions, www.duke-energy.com

More Low-Carbon Energy News Duke Energy,  Renewable Energy Carbon Emissions,  Net-Zero Emissions,  


Duke Renewables Plans 175 MW Indiana Solar Project (Ind. Report)
Duke Energy Renewables
Date: 2021-04-09
Charlotte, North Carolina-based Duke Energy Renewables is reportedly planning a $180 million, 175 MW solar installation across 1,500 acres of reclaimed strip mine in Vigo and Sullivan Counties, southwest of Indianapolis, Indiana.

Construction could break ground in 2023 for commercial operation in mid-2024. (Source: Duke Energy Renewables, PV Mag., Apr., 2021) Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy Renewables,  Solar,  


Duke Energy Breaks Ground on Florida Solar Projects (Ind. Report)
Duke Energy
Date: 2021-02-19
In the Sunshine State, US power company Duke Energy Corp. reports its Florida subsidiary Duke Energy Florida has begun construction on the 74.5-MW Duette Solar Power Plant in Manatee County and the Charlie Creek Solar Power Plant in Hardee County totaling 149.4 MW. Both projects are expected to come online before the year end.

The Duette project will incorporate 227,000 single-axis tracking panels and the Charlie Creek installation will use 235,000 single-axis tracking panels. (Source: Duke Energy, PR, Website, 17 Feb., 2021) Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Solar,  Duke Energy,  


Appalachian Power Touts "Largest of its Kind" Pumped Energy Storage (Ind. Report)
Appalachian Power ,LS Power Development
Date: 2021-02-10
In the Old Dominion State, Duke Energy reports it will acquire 400 MW of energy storage from Roanoke-based Appalachian Power's Bath County Pumped Energy Storage Station in the Allegheny Mountains north of Roanoke.

New York-headquartered LS Power Development holds a 24 pct interest in the Bath County Pumped Storage Station which is touted as the "largest of its kind in the world" capable of producing sufficient power for as many as 750,000 homes, according to Dominion Energy.

The Virginia Clean Economy Act, a landmark law passed last year by the General Assembly, requires Appalachian and Dominion to invest in energy storage as well solar and wind in order to meet the state's 100 pct renewable power portfolio by mid-century. (Source: Appalachian Power, PR, Roanoke Times, Feb., 2021) Contact: Appalachian Power, www.appalachianpower.com; LS Power Development, (212) 615-3456, www.lspower.com; Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy,  Appalachian Power,  Pumped Energy Storage ,  


Duke Plans Net-Zero Methane, Early Coal Retirements (Ind. Report)
Duke Energy
Date: 2020-10-14
Charlotte, North Carolina-based gas and electric utility Duke Energy reports it expects to invest $123 billion -- $133 billion on a 10-year plan to significantly reduce its carbon footprint through accelerating coal plant retirements and achieving net- zero methane emissions in its natural gas business by 2030. Of the total proposed expenditures, $58 billion would be spent in 2020-24 and $65 billion -- $75 billion in 2025-29.

According to a release, Duke plans to achieve net-zero methane emissions by 2030 partly with new technologies to enhance measuring and monitoring, operational efficiencies and damage prevention initiatives. The company also plans to: retire all coal-only units in the Carolinas by 2030; double the company's renewable portfolio to 16 GW by 2025; at least triple the renewable capacity for Duke's regulated utilities by 2030 and increase regulated renewable capacity to 40 GW by 2050, and add more than 11,000 MW of energy storage by 2050. (Source: Duke Energy, PR, Website, NGI, Oct., 2020) Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy,  Methane Emissions,  Renewable Energy,  Coal,  Carbon Footprint,  


Floating Solar Array Slated for Fort Bragg (Ind. Report)
Duke Energy,Ameresco,Fort Bragg
Date: 2020-09-30
In North Carolina, Charlotte-based Duke Energy is reporting it expects to begin construction on a 1.1-MW floating solar facility on Big Muddy Lake at the U.S. Army's Fort Bragg military base. The solar array will be paired with a 2-MW battery energy storage system and supplement power to the military installation from the local grid, providing backup power during electric service outages.

Duke Energy's prime contractor Ameresco will construct the facility, while Fort Bragg will own and operate the system once construction is completed. The project is part of Duke Energy's $36 million energy services contract with Fort Bragg.

Duke Energy owns 40 solar facilities in NC, including the 80-MW Conetoe Solar Facility in Edgecombe County, the 65-MW Warsaw Solar Facility in Duplin County and the 60-MW Monroe Solar Facility in Union County. (Source: Duke Energy, PR, WRAL, 30 Sept., 2020)Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com; Ameresco, David J. Anderson, EVP , (508) 661-2264, www.ameresco.com

More Low-Carbon Energy News Duke Energy,  Amerseco,  Floating Solar,  Solar,  


Duke Operating NC's Largest Battery Storage System (Ind. Report)
Duke Energy
Date: 2020-08-28
Charlotte, North Carolina-headquartered utility Duke Energy reports it has begun operating the largest battery storage system in the Tar Heel State.

Duke noted it plans to invest about $600 million for 375 MW of energy storage across its regulated businesses. The utility aims to reduce carbon emissions by at least 50 pct by 2030 and achieve net-zero carbon emissions by 2050, according to a company statement.

The 9-MW lithium-ion Samsung battery system in Ashville came in at roughly $15 million and will provide energy support to the electric system including frequency regulation and other grid support services. (Source: Duke Energy, News Center PR, 27 Aug., 2020)Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy,  Energy Storage,  Lithium-Ion Battery,  


Duke Raises $109.4Mn for Solar, Storage Projects (Ind. Report)
Duke Energy Renewables, REC Solar
Date: 2020-08-21
Charlotte, North Carolina-based Duke Energy Renewables reports the closing of $109.4 million in a preferred tax equity funding from Goldman Sachs' Alternative Energy Investing Group.

The investment will be used over 18 months to fund a diverse portfolio of approximately 75 MW of solar and solar-plus-storage projects to be developed and constructed by Duke Energy Renewables' subsidiary REC Solar. Projects will feature ground-mount and rooftop commercial and industrial projects, as well as community solar projects in several states.

Duke Energy Renewables, a non-regulated unit of Duke Energy, operates U.S. wind and solar generation facilities totaling 3,000 MW as well as energy storage and microgrid projects. (Source: Duke Energy News Center, Website, 18 Aug., 2020) Contact: Duke Energy Renewables, Chris Fallon, (704) 594-6200, chris.fallon@duke-energy.com, www.duke-energy.com; REC Solar, www.recsolar.com

More Low-Carbon Energy News Duke Energy Renewables,  Solar,  Solar Storage,  REC Soilar,  


Duke Energy Invests in SustainRNG Dairy Biogas Projects (Ind. Report)
Duke Energy,SustainRNG
Date: 2020-08-19
North Carolina utility Duke Energy is reporting partnering with Charlotte-based SustainRNG, a North Carolina start-up firm, to work with southeastern US dairy farmers to develop biogas as an alternate fuel.

SustainRNG will engineer, finance, construct and operate RNG sites in collaboration with dairy farmers. Duke Energy has a minority share in SustainRNG and the option to invest in future operating projects.

Methane (biogas) is more than 80 times more potent as a global warming agent in its first 20 years in the atmosphere compared with CO2. (Source: Duke Energy, PR, 17 Aug., 2020) Contact: Duke Energy Renewables, Rob Caldwell, Pres, (704) 594-6200, rob.caldwell@duke-energy.com, www.duke-energy.com; SustainRNG, Michael Shore, CEO, michael@SustainRNG.com, www.sustainrng.com

More Low-Carbon Energy News RNG,  Biogas,  SustainRNG,  Duke Energy,  


Duke Energy Invests in SustainRNG (Ind. Report)
Duke Energy, SustainRNG
Date: 2020-07-31
Charlotte, North Carolina-based utility giant Duke Energy reports it has taken a minority stake in SustainRNG, a company that plans to capture bovine emissions of methane on dairy farms in the Southwest with the potential scale up nationwide. SustainRNG's first farm-based project is slated to start in late 2021.

Methane is more than 80 times more potent as a global warming agent in its first 20 years in the atmosphere compared with CO2. (Source: Duke Energy PR, BNN, 30 July, 2020) Contact: Duke Energy Renewables, Rob Caldwell, Pres, (704) 594-6200, rob.caldwell@duke-energy.com, www.duke-energy.com; SustainRNG, www.sustainrng.com

More Low-Carbon Energy News RNG,  Duke Energy,  SustainRNG,  Methane,  Biogas,  


Duke Renewables Completes Kroger Calif. Solar Project (Ind. Report)
Duke Energy Renewables
Date: 2020-07-15
REC Solar, a subsidiary of Duke Energy Renewables, is reporting completion of a 1 MW rooftop solar installation for the Cincinnati-based grocery chain Kroger Co. The installation is at a 300,000-square-foot bakery facility serving two Kroger subsidiaries in California. The installation includes nearly 3,000 solar panels and can produce more than 2 GWh per year of power -- sufficient to power 240 homes.

The city of La Habra, California, supported the project. (Source: Duke Energy Renewables, PR, Charlotte Business Journal, 14 July, 2020) Contact: REC Solar, www.recgroup.com; Duke Energy Renewables, Rob Caldwell, Pres, (704) 594-6200, rob.caldwell@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy Renewables,  Solar,  REC Solar,  


Colorado Springs Utility Starts Largest Solar Project (Ind. Report)
Duke Energy Renewables ,Colorado Springs Utilities
Date: 2020-04-17
Duke Energy Renewables and Colorado Springs Utilities are reporting the start of operation for the 60 MW, 220,000 panel Palmer Solar project on roughly 700 acres southeast of Colorado Springs, Colo. The project is the largest solar project contracted by Springs Utilities to date and the first solar project to interconnect with its transmission system.

Springs Utilities will purchase the electricity Palmer Solar generates from Duke Energy Renewables under the terms of a 20-year PPA. The project was acquired by Duke Energy Renewables from juwi Americas in May 2019. (Source: Duke Energy Renewables, Colorado Springs Utilities, Env+Energy Leader, 15 April, 2020) Contact: Duke Energy Renewables, Rob Caldwell, Pres, (704) 594-6200, rob.caldwell@duke-energy.com, www.duke-energy.com; Colorado Springs Utilities, www.csu.org

More Low-Carbon Energy News Colorado Springs Utilities,  Duke Energy Renewables,  Solar ,  


Duke's Mesteno Windpower Project in Texas Now On Line (Ind. Report)
Duke Energy Renewables
Date: 2020-01-08
Charlotte, North Carolina-based Duke Energy Renewables, a commercial business unit of Duke Energy, reports its 200-MW) Mesteno Windpower project in Starr County, Texas began commercial operation on Dec. 31, 2019. It is Duke Energy's fourth wind generation facility in Starr County and its eleventh in Texas.

The project's output will be sold into the ERCOT market and Duke Energy Renewables has entered into a long-term hedge agreement covering the majority of the expected wind energy production. The 200-MW MesteƱo wind facility will generate sufficient power for about 60,000 average homes.

Duke Energy Renewables, a non-regulated unit of Duke Energy, operates wind and solar generation facilities across the U.S., with a total electric capacity of 3,000 MW. Duke Renewables also operates energy storage and microgrid projects. (Source: Duke Energy News Center, 6 Jan., 2020) Contact: Duke Energy Renewables, Rob Caldwell, Pres., www.duke-energy.com/renewable

More Low-Carbon Energy News Duke Energy Renewables,  Wind,  


Duke Energy, Sprint Ink Texas Wind Project VPPA (Ind. Report)
Duke Energy,Sprint
Date: 2019-09-20
Charlotte, North Carolina-based Duke Energy Renewables is reporting plans to construct and own a 182 MW wind farm in Nolan County, Texas after signing a 12-year virtual power purchase agreement with communications giant Sprint for the majority of the wind farm's power production. most of the power produced by the project.

Construction on the Maryneal Windpower project -- Duke Energy Renewables' eighth announced this year -- in is expected to get underway in early 2020 for commercial production starting by year-end 2020. (Source: Duke Energy Renewables, PR, Seeking Alpha, 18 Sept., 2019) Contact: Duke Energy Renewables, Rob Caldwell, Pres, (704) 594-6200, rob.caldwell@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy Renewables,  Wind,  


Insurer Takes Interest in Duke Energy Renewables Portfolio (M&A)
Duke Energy Renewables
Date: 2019-09-09
Charlotte, North Carolina-based Duke Energy is reporting the closure of its previously announced sale of a minority interest in a portion of its commercial renewable energy portfolio owned and operated by its affiliate, Duke Energy Renewables, to the John Hancock Infrastructure Fund -- part of Manulife Investment Management and John Hancock Life Insurance Company. (Source: Duke Energy PR, 6 Sept., 2019) Contact: Duke Energy Renewables, Rob Caldwell, Pres, (704) 594-6200, rob.caldwell@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy Renewables,  Renewable Energy,  


Duke, SolAmerica Commission Nine Georgia Solar Plants (Ind. Report)
Duke Energy,SolAmerica
Date: 2019-08-28
Duke Energy Renewables is reporting commissioning of 9 Georgia solar power plants totaling 14.1 MW under a partnership with Atlanta-based SolAmerica Energy. The nine projects, which range from 960 kW and 2.3 MW, were developed under an engineering, production and procurement (EPC) agreement between REC Solar, a unit of Duke Energy Renewables, and SolAmerica. The complex's 54,590 photovoltaic (PV) panels will generate electricity and renewable attributes that will be sold under a 35-year power purchase agreement (PPA) with Georgia Power, as part of the latter's Renewable Energy Development Initiative. (Source: Duke Energy, Renewables, 26 Aug., 2019) Contact: Solamerica Energy, 404-351-8175, www.solamericaenergy.com; Duke Energy Renewables, Rob Caldwell, Pres, (704) 594-6200, rob.caldwell@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy Renewables,  Solar,  


Duke Renewables' Largest Solar Project Now Online (Ind Report)
Duke Energy Renewables
Date: 2019-06-28
Duke Energy subsidiary Duke Energy Renewables reports its 150-MW North Rosamond solar project in Kern County, California, has begun commercial operation. The 1188 acre, 477,000 panel solar farm will generate sufficient power for 71,000 homes and is the largest in Duke Energy Renewables' fleet.

Electric power generated from the North Rosamond solar project is being sold to Southern California Edison (SCE) under a 15-year PPA. The facility was designed and completed by First Solar Electric California's engineering, procurement and construction subsidiary under a fixed-price EPC agreement. (Source: Duke Energy Renewables, T&D World, 26 June, 2019) Contact: Duke Energy Renewables, Rob Caldwell, Pres, (704) 594-6200, rob.caldwell@duke-energy.com, www.duke-energy.com

More Low-Carbon Energy News Duke Energy Renewables,  


REC Solar to Save Calif. School District Millions (Ind. Report)
REC Solar, Duke Energy Renewables
Date: 2019-06-21
In the Golden State, Duke Energy Renewables subsidiary REC Solar reports it is working with the Pleasanton Unified School District in Pleasanton, Calif., to utilize solar-plus-energy storage solutions to significantly cut emissions and save on energy costs.

The project will install 1 MW of solar carports and a 660 kWh battery energy storage system at Pleasanton Unified's Amador Valley High School for a $2.2 million projected energy costs savings over the term of a 25-year PPA. The installation will be financed by Duke Energy Renewables.

Duke Energy Renewables operates wind and solar generation facilities across the U.S., with a total electric capacity of 3,000 MW. (Source: Duke Energy Renewables, PR, 18 June, 2019) Contact: Duke Energy, www.duke-energy.com; REC Solar, Matt Walz, CEO, 805.471.0085, www.recsolar.com

More Low-Carbon Energy News REC Solar,  Solar,  Energy Storage,  Duke Energy Renewables,  


Long Island's Second Iargest Solar Array Online (Ind. Report)
Duke Energy,PSEG,Invenergy
Date: 2018-12-10
Duke Energy subsidiary PSEG is reporting the official launch of the 150-acre, 24.9-MW Shoreham Solar Commons solar array in Shoreham, New York.

Shoreham Solar Commons was developed by Invenergy and sold to Duke in 2017. The project generates sufficient energy for 3,500 homes while costing ratepayers about $177 million during its 20-year contract with LIPA. The project has been producing power since July.

Duke Energy Renewables presently has wind and solar projects in 22 states amounting to about 3,000 MW. MW. (Source: Duke Energy Renewables, PSEG, NewsDay, 9 Dec., 2018) Contact: Duke Energy Renewables, Jim Parmalee, Dir. Power Resources, Chris Fallon, VP Renewables, www.duke-energy.com, www.duke-energy.com/renewable; Invenergy, Nick Matchin, Manager for Renewable Development, (312) 224-1400, www.invenergyllc.com

More Low-Carbon Energy News Invenergy,  Solar,  Duke Energy Renewables,  ,  PSEG,  

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