Duke Energy Acquires Three N.C. Solar Farms

Duke Energy Renewables has acquired three 1 MW commercial solar projects in the southwestern corner of North Carolina. The company says it now owns seven commercial solar farms in the state.

Duke Energy Renewables, part of Duke Energy's commercial businesses, purchased the portfolio of PV projects from ESA Renewables LLC, which designed and built the generation sites.

The portfolio consists of the 4,298-panel Murphy Farm solar project, which is sited on approximately eight acres of purchased land and achieved commercial operation in May; the 4,340-panel Wingate solar project, which is sited on approximately seven acres of purchased land and achieved commercial operation in August; and the 4,242-panel Holiness solar project, which is sited on approximately nine acres of purchased land and achieved commercial operation in November.

The power from each of the newly acquired solar farms is sold through Blue Ridge Mountain EMC to the Tennessee Valley Authority (TVA), as part of the TVA's Generation Partners program. The length of the power purchase agreements is 10 years. The TVA will also receive the renewable energy certificates created by the projects.

ESA Renewables will handle operations, monitoring and maintenance at each of the solar farms.

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