Solar Love
  • Rooftop Solar
    • Energy Storage
  • Solar Panels
  • Policy
  • Research
    • Science
    • Market Research
    • Solar Perceptions & Polls

Solar Love

  • Rooftop Solar
    • Energy Storage
  • Solar Panels
  • Policy
  • Research
    • Science
    • Market Research
    • Solar Perceptions & Polls
InvestmentSolar $

$500 Million Solar Power Investment In North Carolina

by Jake Richardson September 17, 2014
written by Jake Richardson September 17, 2014
$500 Million Solar Power Investment In North Carolina

Duke Energy, a major utility company, has committed to investing $500 million in North Carolina solar power. The money will be spent on eight projects totaling 278 megawatts.

pv solar NC

“This is Duke Energy’s largest single announcement for solar power and represents a 60 percent increase in the amount of solar power for our North Carolina customers. We are bringing large amounts of renewable energy onto our system in the most cost-effective way possible,” explained Rob Caldwell from Distributed Energy Resources.

Three solar installations will be implemented in Bladen, Duplin and Wilson counties with a total capacity of 128 MW. Duke Energy will own them.

The three are:

  • 65 MW Warsaw solar facility
  • 40 MW Elm City Solar facility
  • 23 MW Fayetteville solar facility.

Duke also signed five power purchase agreements for 150 MW of solar power.

Their investment will help keep North Carolina in a leading position for solar power. It is a top ten state in America for that form of clean energy and the leading state in the South.

The Charlotte-based company sent out requests for proposals for solar power development in February of 2014.

Duke Energy has acknowledged that American coal supplies will run out at some point. Handling and storing coal ash can also be difficult. The utility was cited this past spring for not storing it properly and faced fines as a result.

During the same season, one of the company’s plants consumed more energy than it generated. It might generally assumed that coal plants are only energy efficient, but that is not the case always.

Duke Energy should be commended for being open-minded and flexible enough to invest in solar power, because not all utilities are doing this, even though the cost of solar power has made it affordable.

We are currently in a huge state of transition in the way energy is made. Utilities that can adapt to clean energy technology are more sustainable businesses. They also provide better service to customers that want more solar and wind power.

Image Credit: raleighnc.gov

Duke EnergyNorth Carolina
0 comment
0
FacebookTwitterPinterest
Jake Richardson

has been writing about solar energy for years on sites like CleanTechnica, Care2, and Planetsave. He enjoys the outdoors and is passionate about protecting life on this planet. You can connect with Jake on Google Plus.

previous post
3D Printable Solar Panels Might Be Coming Soon
next post
Russia’s Largest Solar PV Plant Comes Up

You may also like

EDF Renewables Commissions 110 Megawatts Of Solar In...

October 30, 2018

Solar Bids In India Decline After Duty Reprieve

May 16, 2018

India Plans 20 Gigawatt Solar Tender To Circumvent...

May 16, 2018

Invenergy Signs PPA With Georgia Power For 160...

May 14, 2018

India’s Largest Solar Cell Manufacturer Charts Aggressive Growth...

May 10, 2018

SunPower Reports Topsy-Turvy First Quarter Earnings

May 9, 2018

JA Solar Reports Strong 2017 Financials, Ships Record...

May 7, 2018

First Solar Reports Strong Start To 2018 As...

May 7, 2018

Global Solar PV Inverters Market To Decline From...

April 25, 2018

As Solar Bids Firm Up, Indian State Cancels...

April 24, 2018

Follow Me

Facebook

Recent Posts

  • Meet PVCase: A 3D Solar Design Software That Every PV Designer Should Consider

    June 12, 2019
  • Mitsui To Partner With Indian Company For Distributed Solar Projects

    June 10, 2019
  • India’s NTPC Offers Solar Project Management Services To ISA Members

    June 9, 2019
  • Equinor & Scatec Solar Complete 162 Megawatt Brazilian Solar Plant

    November 29, 2018
  • Gamesa Awarded 400 Megawatt Solar Project In Egypt

    November 29, 2018
  • Facebook

@2019 - All Right Reserved solarlove.org


Back To Top