29 Jul '15, 8am

Duke Energy nearly doubles California portfolio with 50MW acquisition

While the acquisitions will almost double Duke's presence in California, the company still derives the majority of its generation capacity from North Carolina. Image: Duke Energy. US renewable energy developer Duke Energy Renewables has bolstered its solar energy portfolio in the US by acquiring Kruger Energy’s Seville power projects in California. Duke will acquire the 20MW Seville I and the 30MW Seville II farms, taking the company’s California-based portfolio to six projects totalling more than 100MW in capacity. Generated electricity and associated renewable energy credits from Seville I will be sold to San Diego Gas & Electric through a 20-year agreement, while a similar agreement has been reached with community-owned utility Imperial Irrigation District for Seville II, albeit for the longer term of 25 years. Kruger Energy will continue with the construction of the pr...

Full article: http://www.pv-tech.org/news/duke_energy_nearly_doubles_ca...

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