Sprint, Duke Energy in Wind Energy Agreement

Date : 09/18/2019 @ 4:49PM
Source : Dow Jones News
Stock : Duke Energy Corp New (DUK)
Quote : 95.97  0.0 (0.00%) @ 12:59AM

Sprint, Duke Energy in Wind Energy Agreement

Sprint (NYSE:S)
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By Michael Dabaie

 

Sprint (S) and Duke Energy's (DUK) Duke Energy Renewables unveiled a 12-year virtual power purchase agreement for 173.3 megawatts of new wind energy.

Duke Energy Renewables will build, own and operate the 182-MW Maryneal Windpower project located in Nolan County, Texas, that will come online in 2020.

Sprint said the agreement will enable Sprint to reduce its carbon footprint and achieve approximately 30% renewable energy for its total electricity portfolio.

The Maryneal project increases Duke Energy Renewables' U.S. wind capacity to more than 3,000 MW. Full notice to proceed with construction will begin in early 2020 and the wind project will be fully operational by December 2020.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

September 18, 2019 11:34 ET (15:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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