Corning Inc. has entered into a 25-year power purchase agreement (PPA) for solar-generated electricity produced by Duke Energy Renewables.
The new solar farm being constructed by Duke is located in Conetoe, N.C. Corning will purchase 62.5% of the expected output of the facility – estimated to be 120,300 MWh of electricity per year – beginning in the first quarter of 2016.
‘Corning is committed to reducing its carbon footprint, and this is a major step in that direction," says Jeffrey Evenson, senior vice president and chief strategy officer for Corning. ‘Going green makes good business sense because it encourages efficiencies and clean power usage that eventually lower costs. We believe this decision fits our corporate mission to be a good steward of the environment.’