Duke Energy Generation Services (DEGS) has acquired a 1 MW photovoltaic farm in Taylorsville, N.C., from SunEdison. The formal acquisition took place last month.
EnergyUnited, which serves residents of Alexander County and 19 other counties in the state, will buy all of the output from the solar facility under the terms of a 20-year power purchase agreement with DEGS. The solar farm began generating power in early October.
EnergyUnited will also receive all associated renewable energy credits (RECs) from the solar project. These RECs help the cooperative meet the N.C. Renewable Energy and Energy Efficiency Portfolio Standard requirement to obtain 10% of its energy from renewable resources by 2018.
The solar farm is the third in DEGS' commercial solar generation portfolio.
SOURCE: Duke Energy Generation Services