Duke Energy Bring Texas Solar Project Online
July 07 2020 - 10:57AM
Dow Jones News
By Matt Grossman
Duke Energy Corp.'s 200-megawatt solar-energy project in Texas's
Nolan County has begun commercial operations, the energy company
said Tuesday.
The project is the largest solar project under Duke Energy
Renewables, Duke Energy's renewable-power subsidiary. Duke bought
the project from 8minute Solar Energy, which developed it.
The Holstein project, as the solar facility is known, comprises
more than 709,000 solar panels located on about 1,300 acres in
Wingate, Texas. It will generate enough energy to power 40,000
homes, Duke said.
Some energy from the project will be sold to J. Aron & Co.
LLC., a Goldman Sachs Group Inc. subsidiary, under a 12-year hedge
agreement.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
July 07, 2020 10:42 ET (14:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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