CHARLOTTE, N.C., July 27, 2021 /PRNewswire/ -- Duke Energy
Sustainable Solutions,* a nonregulated commercial brand of Duke
Energy (NYSE: DUK), today announced the commercial operation of the
182-megawatt (MW) Maryneal Windpower project in Nolan County, Texas.
The Maryneal project increases
Duke Energy Sustainable Solutions' U.S. wind capacity to over 3,000
MW. The site will provide enough renewable energy to power the
equivalent of more than 54,000 U.S. homes.
In 2019, Sprint, now part of T-Mobile, signed a 12-year virtual
power purchase agreement (VPPA) for 173.3 MW of the wind generated
by the project. The VPPA agreement, which will settle on an
as-generated basis tied to Maryneal Windpower's real-time energy
output, will enable T-Mobile to significantly reduce its carbon
footprint and will match approximately 9% of T-Mobile's energy
consumption.
"Projects like Maryneal Windpower play a huge role in T-Mobile's
commitments to fight climate change and bring us another step
closer to achieving our goal of using 100% renewable energy by the
end of 2021 – even after our merger with Sprint in 2020 almost
doubled our company footprint," said Brigitta Witt, T-Mobile vice president of Social
Impact and Sustainability. "Working with companies like Duke
Energy, we're able to make a positive impact not only on the
environment but also in the local community – it's a win-win for
everyone involved."
Along with indirect economic benefits that accompany wind
project development, such as increased local spending in the
service and construction industries, Maryneal Windpower created
approximately 200 jobs during peak construction. Additionally, the
site will have a positive economic impact on the local community by
providing significant local tax revenues during assessment years of
commercial operation to the county and local school districts, as
well as meaningful payments to participating landowners.
"Wind projects such as Maryneal
contribute to a cleaner, stronger economy and help create a more
diverse energy infrastructure in Texas," said Chris
Fallon, president of Duke Energy Sustainable Solutions.
"We're excited to work with T-Mobile to create jobs, strengthen the
local economy and generate clean energy, while also helping them
address their renewable energy goal."
The long-term VPPA complements T-Mobile's long-standing
sustainability strategy, 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 T-Mobile on the Maryneal
VPPA, supporting project selection and negotiations.
Wanzek Construction was the contractor for the project, and
Nordex USA supplied 38 4.8-MW wind
turbines for the site. Duke Energy Sustainable Solutions will
perform the site's long-term maintenance and operations.
As one of the nation's top renewable energy providers, Duke
Energy plans to reach 16 GW of renewable energy by the end of 2025
and 47 GW by 2050.
About Duke Energy Sustainable Solutions
Duke Energy Sustainable Solutions is a nonregulated commercial
brand of Duke Energy (NYSE: DUK) – a Fortune 150 company and one of
the largest energy holding companies in the U.S. – headquartered in
Charlotte, N.C.
Duke Energy Sustainable Solutions is a leader in sustainable
energy, helping large enterprises reduce power costs, lower
emissions, and increase resiliency. The team provides wind, solar,
resilient backup power, and managed energy services to over 1,000
projects across the U.S., with a total electric capacity of more
than 5,100 megawatts of nonregulated renewable energy. Visit Duke
Energy Sustainable Solutions and follow on LinkedIn and
YouTube for more information.
Duke Energy is executing an aggressive clean energy strategy to
create a smarter energy future for its customers and communities –
with goals of at least a 50 percent carbon reduction by 2030 and
net-zero carbon emissions by 2050. The company is a top U.S.
renewable energy provider, on track to operate or purchase 16,000
megawatts of renewable energy capacity by 2025. 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 T-Mobile
T-Mobile U.S. Inc. (NASDAQ: TMUS) is America's supercharged
Un-carrier, delivering an advanced 4G LTE and transformative
nationwide 5G network that will offer reliable connectivity for
all. T-Mobile's customers benefit from its unmatched combination of
value and quality, unwavering obsession with offering them the best
possible service experience and undisputable drive for disruption
that creates competition and innovation in wireless and beyond.
Based in Bellevue, Wash., T-Mobile
provides services through its subsidiaries and operates its
flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more
information please visit: https://www.t-mobile.com.
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
most recent Annual Report on Form 10-K and subsequent quarterly
reports on Form 10-Q 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.
* Duke Energy Sustainable Solutions is a nonregulated commercial
brand of Duke Energy Corporation, which includes the following
subsidiaries of Duke Energy Corporation that are registered to
transact business in various states and may be branded as Duke
Energy Sustainable Solutions for marketing purposes: Duke Energy
Commercial Enterprises, Inc.; Duke Energy One, Inc.; Duke Energy
Renewables, Inc.; Duke Energy Renewables Commercial, LLC; Duke
Energy Renewable Services, LLC; Duke Energy Renewables Solar, LLC;
Duke Energy Renewables Storage, LLC; Duke Energy Renewables Wind,
LLC; and REC Solar Commercial Corporation.
Contact: Jennifer Garber
24-Hour: 800.559.3853
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SOURCE Duke Energy