Duke Energy Renewables, a subsidiary of Duke Energy, has completed the acquisition of the final project in a portfolio developed with Inman Solar Inc., totaling 20 MW AC.
The projects are in construction or have begun commercial operations across central Georgia under Georgia Power’s Renewable Energy Development Initiative (REDI). These projects bring Duke Energy Renewables, operating through its REC Solar business unit, to 47.4 MW AC of distributed solar projects in Georgia.
“We’re excited to acquire another portfolio of solar projects in Georgia,” says Chris Fallon, vice president of Duke Energy Renewables. “This transaction was successful because of our strong relationship with Georgia Power and a dependable, expert developer and build partner in Inman Solar.”
REC Solar led the acquisition and construction management on behalf of Duke Energy. Duke Energy Renewables, REC Solar and Inman have worked on numerous projects in multiple states over the last three years. Each project was developed under an engineering, production and procurement agreement between REC Solar and Inman and a 30- or 35-year power purchase agreement with Georgia Power, selling all energy and renewable attributes to Georgia Power as a part of its REDI distributed generation RFP program.
The nine solar projects are expected to contribute $11.5 million in leasing and taxes to local communities. A total of 81,060 solar panels will be used in the projects.
The last site is expected to reach commercial operations by the end of March 2020.
Photo: A Georgian solar farm by Duke Energy
