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.

Read more in the Charlotte Business Journal.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.