OVERLAND PARK, Kan. and
CHARLOTTE, N.C., Sept. 18, 2019 /PRNewswire/ -- Sprint (NYSE: S)
and Duke Energy Renewables, a commercial business unit of Duke
Energy (NYSE: DUK), today announced a 12-year virtual power
purchase agreement (VPPA) for 173.3 megawatts (MW) 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.
The agreement will enable Sprint to significantly reduce its
carbon footprint and achieve approximately 30 percent renewable
energy for its total electricity portfolio. The project will
provide enough renewable energy to power the equivalent of more
than 54,000 U.S. homes and will reduce carbon emissions equivalent
to removing more than 96,000 cars from the road annually.
"Sprint is serious about minimizing its carbon impact, and
operating as a more sustainable company," said Sprint Foundation
Chairman Doug Michelman. "This wind
project will help us make substantial progress towards offsetting
the energy we use across our operations, including our
headquarters, retail stores, call centers and cell towers."
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. During peak construction, the
project will create approximately 200 jobs.
"Wind power is contributing to a cleaner, stronger U.S. economy
and the Maryneal Windpower project further expands our renewable
energy presence in Texas," said
Rob Caldwell, president of Duke
Energy Renewables. "We're excited to work with Sprint to create
jobs, strengthen the local economy and generate clean energy."
The long-term VPPA complements Sprint's longstanding
sustainability strategy, originally launched in 2008, which
includes reducing greenhouse gas (GHG) emissions, conserving
natural resources such as water and paper, eliminating waste from
all corners of the business and responsibly recycling waste when
possible. Schneider Electric Energy and Sustainability Services
advised Sprint on the Maryneal VPPA, supporting project selection
and negotiations.
Nordex Acciona will supply 38 4.8-MW wind turbines for the site.
Wanzek Construction is the contractor for the project.
"We are pleased to be working together with Duke Energy
Renewables, one of the most experienced developers in North America and part of one of the largest
energy holding companies in the U.S. In addition, both companies
have the same goals: to build renewable energy sources for the
future with solid technology. The highly efficient N149/4.0-4.5
turbine is the ideal choice for this and for many potential project
sites in the USA," says
Patxi Landa, CSO of the Nordex
Group.
Duke Energy is one of the nation's top renewable energy
providers – on track to own or purchase 8,000 megawatts of wind,
solar and biomass energy by 2020.
For more information on Sprint's energy and Corporate Social
Responsibility (CSR) efforts, please visit
https://newsroom.sprint.com/csr/.
About Duke Energy Renewables
Duke Energy Renewables, a nonregulated unit of Duke Energy,
operates wind and solar generation facilities across the U.S., with
a total electric capacity of 3,000 megawatts. The power is sold to
electric utilities, electric cooperatives, municipalities, and
commercial and industrial customers. The unit also operates energy
storage and microgrid projects. Visit Duke Energy Renewables for
more information.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Charlotte, N.C., is one of the
largest energy holding companies in the U.S. It employs 30,000
people and has an electric generating capacity of 51,000 megawatts
through its regulated utilities, in addition to Duke Energy
Renewables' capacity.
Duke Energy was named to Fortune's 2019 "World's Most Admired
Companies" list, and Forbes' 2019 "America's Best Employers" list.
More information about the company is available at duke-energy.com.
The Duke Energy News Center contains news releases, fact sheets,
photos, videos and other materials. Duke Energy's illumination
features stories about people, innovations, community topics and
environmental issues. Follow Duke Energy on Twitter, LinkedIn,
Instagram and Facebook.
About Sprint:
Sprint (NYSE: S) is a communications services company
that creates more and better ways to connect its customers to
the things they care about most. Sprint served 54.3 million
connections as of June 30, 2019 and
is widely recognized for developing, engineering and deploying
innovative technologies, including the first wireless 4G service
from a national carrier in the United
States; leading no-contract brands including Virgin Mobile
USA, Boost Mobile, and Assurance
Wireless; instant national and international push-to-talk
capabilities; and a global Tier 1 Internet backbone. Today,
Sprint's legacy of innovation and service continues with an
increased investment to dramatically improve coverage, reliability,
and speed across its nationwide network and commitment to launching
a 5G mobile network in the U.S. You can learn more and visit Sprint
at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
Cautionary Language Concerning Forward-Looking
Statements
This document includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements are based on management's beliefs and assumptions. These
forward-looking statements are identified by terms and phrases such
as "anticipate," "believe," "intend," "estimate," "expect,"
"continue," "should," "could," "may," \"plan," "project,"
"predict," "will," "potential," "forecast," "target," "outlook,"
"guidance," and similar expressions. Various factors may cause
actual results to be materially different than the suggested
outcomes within forward-looking statements; accordingly, there is
no assurance that such results will be realized. These risks
and uncertainties are identified and discussed in Duke Energy's
Form 10-K for the year ended December 31,
2018, and subsequent quarterly reports filed with the
Securities and Exchange Commission ("SEC") and available at the
SEC's website at www.sec.gov. In light of these risks,
uncertainties and assumptions, the events described in the
forward-looking statements might not occur or might occur to a
different extent or at a different time than Duke Energy has
described. Duke Energy expressly disclaims an obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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