Duke Energy buys Arizona solar farm
Duke Energy Renewables has purchased a 10-megawatt solar project in Arizona’s Mohave County.
Duke bought Black Mountain Solar Project from Solon Corp. for an undisclosed price. UniSource Energy Services, a subsidiary of Tuscon, Ariz.-based UniSource Energy Corp., will buy the power generated at the site through a 20-year power-purchase agreement.
“This acquisition expands our footprint in the western United States and helps a premier Arizona energy service provider deliver affordable, zero-emission renewable power to its customers,” said Greg Wolf, president of Duke Energy Renewables, in a press release. “Comprised of more than 40,000 solar panels, the Black Mountain project is expected to produce enough electricity to power about 2,000 homes.”
Duke Energy Renewables, part of Charlotte-based Duke Energy Corp. (NYSE:DUK), is a developer of wind and solar energy-generation projects. The company’s portfolio of commercial renewable assets includes 10 wind farms and 12 solar farms in operation in eight states, totaling more than 1,000 megawatts in electric-generating capacity. Since 2007, Duke Energy has invested more than $2.5 billion to grow its commercial wind and solar business.
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