Duke Energy, Lockheed Martin Commit To 17-Year Solar Energy Deal

Posted by Joseph Bebon on February 01, 2016 No Comments
Categories : Projects & Contracts

Lockheed Martin has signed a 17-year power purchase agreement with Duke Energy Renewables to add 30 MW, approximately 72,000 MWh per year, of solar energy to the U.S. national grid.

According to Lockheed Martin, this commitment will provide clean energy for all of its domestic business segments.

The new solar facility will be operated by Duke Energy Renewables in Conetoe, N.C., and, according to Lockheed’s release, is currently the largest solar power generating facility east of the Mississippi River, producing a total of 80 MW of energy.

“Signing this agreement for the acquisition of large-scale renewable power is a significant milestone towards our commitment to environmental stewardship and is one more step in the expansion of our Go Green program looking for operational efficiencies and best business value to our operations,” says Carol B. Cala, Lockheed Martin’s vice president of energy, environment, safety and health.

“We have a goal to reduce our greenhouse-gas emissions by 35 percent by 2020 based on our 2010 emissions; and with this investment in renewables, we are one step closer to achieving that goal,” Cala adds.

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