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Duke Energy Renewables and REC Solar complete joint micro-grid project with Schneider Electric

Schneider Electric has completed the microgrid on the campus of its North American headquarters in Andover along with Duke Energy Renewables and REC Solar. Duke Energy Renewables has announced its first microgrid project is now operating on the Schneider Electric Boston One Campus. Schneider Electric built the microgrid on the campus of its North American […]

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Duke Energy Florida to build solar power plant in Suwannee County

Duke Energy announced the location of its newest universal solar power plant, which will provide cleaner, smarter energy solutions for Florida customers. It will be built on 70 acres near Live Oak, Fla., just east of the existing Suwannee River Power Plant. The new Suwannee Solar Facility will produce 8.8 megawatts (MW) of carbon-free energy, […]

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Duke Energy Renewables acquires three California solar projects from SunPower

Duke Energy Renewables announced today it has acquired three solar power projects from SunPower Corp. totaling 55 megawatts (MW). The sites include the 20-MW Rio Bravo I, the 20-MW Rio Bravo II, and the 15-MW Wildwood Solar II solar power plants. They are located in Kern County, California, adjacent to two existing solar sites owned […]

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Duke Energy completes sale of international business in Brazil

Duke Energy completed the previously announced sale of its international business in Brazil to China Three Gorges Corp. for approximately $1.2 billion enterprise value. The company is exiting the Latin American market to focus on its domestic regulated business, which was further bolstered by the acquisition of Piedmont Natural Gas. Duke Energy announced the sale […]

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Duke Energy completes sale of international businesses in Peru, Chile, Ecuador, Guatemala, El Salvador, Argentina

Duke Energy completed the previously announced sale of its international businesses in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value. The company is exiting the Latin American market to focus on its domestic U.S. regulated core business. Duke Energy announced the sale of its assets […]

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REC Solar appoints Matt Walz, a Duke Energy executive as chief executive officer

REC Solar has announced the appointment of Matt Walz as chief executive officer.  Walz has worked at Duke Energy for 12 years and joined REC Solar after serving on the company’s board of directors. Walz brings to REC Solar leadership experience in renewable energy, retail electric supply and wholesale generation. Building off his tenure as […]

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Duke Energy’s 15,000 solar panels in Osceola County is now providing carbon-free energy

Duke Energy’s 15,000 solar panels on 17-acre facility soaking up the sun in Osceola County are now providing clean, renewable energy to the customers in Florida. The new Duke Energy owned and operated Osceola Solar Facility is about the size of 13 football fields and produces nearly 4 megawatts of carbon-free energy. It officially began commercial operation on May […]

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Duke Energy Renewables enters New Mexico with a 25-MW Caprock Solar Power Project

Duke Energy Renewables has announced that the construction of 25-megawatt (MW) Caprock Solar Power Project near Tucumcari in Quay County, New Mexico has started. The project is expected to complete later this year, once completed it will generate enough energy to power about 5,000 average homes. Power from the project will be sold to Western […]

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Duke Energy raises its 2020 renewable energy goal by 33 %

Duke Energy has raised its 2020 renewable energy goal by 33 percent. The North Carolina-based firm expects to own or purchase 8,000 megawatts of wind, solar and biomass capacity by 2020 which is 33 percent jump from the old goal of 6,000 megawatts established in 2013. As of the end of 2015, the company owned […]

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