The cancellation of an 80-megawatt project with no financial penalty raises questions about a monopoly utility competing against private developers. Monopolies and market competition can make for uneasy bedfellows. North Carolina completed its first competitive solar solicitation in April, as called for in a major energy compromise the legislature passed in 2017. Unlike almost anywhere […]
Duke Energy passes major renewable milestone: 1 gigawatt of owned solar energy capacity
– Owned capacity serves about 2 million homes and businesses – Part of the company’s 4 gigawatts of owned and purchased solar capacity – Delivering renewable energy to retail and wholesale customers from Florida to California CHARLOTTE, N.C.: With the North Rosamond Solar Facility coming online last month in California, Duke Energy has passed the 1-gigawatt (GW) threshold of […]
Duke Energy To Use New Technology To Help Protect Bats At Its Wind Sites
Duke Energy Renewables is working with NRG Systems, Inc. to install an innovative bat deterrent system. The technology uses ultrasound to block the sonar that bats use to navigate in the dark, causing them to avoid areas around the wind turbines. Duke Energy Renewables will install NRG Systems’ Bat Deterrent System over a five-year period […]
Wood Mackenzie Boosts US Solar Market Forecast as Florida Blossoms
Recent announcements in Florida and Texas have brightened the outlook for the U.S. solar market over the next five years. Unexpectedly rapid growth in solar markets like Florida and Texas is driving up expectations for U.S. solar installations, with Wood Mackenzie Power & Renewables now forecasting more than 13 gigawatts of capacity additions in 2019. […]
Duke Energy Progress continues to be a shining star for solar power
– Company ranked No. 4 in 2018 for connecting solar power to its energy grid – Lands in the Top 10 for the seventh straight year – Continues to drive solar adoption in the region CHARLOTTE, N.C.: Duke Energy Progress (DEP) continues to be one of the leading solar utilities in the nation. In the […]
Duke Energy Florida to build its largest battery storage projects yet
– 22 megawatts of electricity storage to enhance Florida’s smart grid ST. PETERSBURG, Fla.: Duke Energy Florida (DEF) today announced three battery storage projects, totaling 22 megawatts, that will improve overall reliability and support critical services during power outages. Collectively, the storage facilities will enhance grid operations, increase efficiencies and improve overall reliability for surrounding communities. […]
Duke Energy’s $30 Million Microgrid and Energy Storage Project Approved
Duke Energy’s microgrid project in Madison County, North Carolina has been approved by the North Carolina Utilities Commission (NCUC). In the town of Hot Springs, the company will proceed with a solar and battery-powered microgrid system that will help improve electric reliability, provide services to the overall electric system and serve as a backup power […]
Duke Energy Renewables Sells 1.2GW Minority Interest in Wind and Solar Portfolio
The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]
Duke Energy Renewables Sells 1.2GW Minority Interest in Its Wind and Solar Portfolio
The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]
Duke Energy enters into definitive agreement to sell minority interest in its commercial renewable energy portfolio to John Hancock
– Duke Energy to continue managing wind and solar assets and growing its commercial renewable energy portfolio – John Hancock has an extensive track record as a long-term investor in infrastructure assets CHARLOTTE, N.C.: Duke Energy (NYSE: DUK) today announced that it has entered into a definitive agreement to sell a minority interest in a […]