14 MW Solar Project to be Purchased by Duke Energy

14 MW Solar Project to be Purchased by Duke Energy

Duke Energy, the power company, has officially announced that its commercial business division, Duke Energy Generation Services, has given approval for the purchase of a 14 MegaWatt Blue Wing Solar Project.

The purchase will be made from juwi Solar Inc., which is a division of Germany's juwi Holding AG.

As has been confirmed by DEGS, the 139-acre project has good chances of being completed and energized by the time the fourth-quarter of the year's rolls in. Also, the power firm has shared that the deal with the German company includes a 30-year power purchase agreement, according to which, all the output from the solar farm as well as the associated renewable energy credits would be sold to CPS Energy, a San Antonio-based company.

"Duke Energy's acquisition of the Blue Wing Solar Project adds an exciting new dimension to our renewable power business. We took our wind energy business from zero megawatts to more than 730 megawatts in under three years, so I'm very confident we can grow our solar-power business", said Wouter van Kempen, President of DEGS.

Financial terms of the deal have not been disclosed yet.