CHARLOTTE, N.C., Jan. 30, 2020 /PRNewswire/ -- Duke Energy
Renewables, a subsidiary of Duke Energy (NYSE: DUK), announced that
its 100-megawatt (MW-alternating current) Lapetus Solar project in
Andrews County, Texas, began
commercial operation in December
2019.
It is Duke Energy's second solar project in commercial operation
in Texas and the first large-scale
solar project in Andrews
County.
"Texas ranks fourth in the
country for solar energy. We're thrilled that Lapetus Solar is now
online and will contribute to the growth of the community's clean
energy facilities," said Rob
Caldwell, president, Duke Energy Renewables.
The project, which Duke Energy Renewables acquired from 7X
Energy in February 2019, employed as
many as 240 individuals during the peak construction period. It
contains over 340,000 solar panels and is located on approximately
800 acres outside of Andrews,
Texas.
"7X originated and developed the Lapetus Solar project, and we
are proud to help bring Andrews
County its first large-scale solar project," said
Clay Butler, president and CEO of 7X
Energy. "We are grateful to Andrews
County for welcoming solar to the local community and the
economic benefits it brings."
The energy generated from the Lapetus Solar project will be
delivered to the ERCOT grid and is being sold under three multiyear
power purchase agreements (PPA) to Brazos Electric Power
Cooperative Inc. on behalf of CoServ Electric and seven other
distribution cooperative members.
The facility's design, procurement of PV modules, inverters,
balance of plant systems, and construction of the project were
performed by Swinerton Renewable Energy. Duke Energy Renewables
completed project development, managed the construction of the
project and will operate and manage the facility.
In addition to the Lapetus Solar project in Andrews County, in 2019 Duke Energy Renewables
announced the acquisition of the 200-MW(ac) Holstein Solar project
in Nolan County and the 200-MW(ac)
Rambler Solar project in Tom Green
County, Texas. Both projects will be in commercial operation
by mid-2020.
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 the end of 2020.
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 is transforming its customers' experience,
modernizing the energy grid, generating cleaner energy and
expanding natural gas infrastructure to create a smarter energy
future for the people and communities it serves.
Duke Energy was named to Fortune's 2020 "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
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7X Energy
7X Energy (7X), founded in 2016 and headquartered in
Austin, Texas, is a leading
developer in the solar industry that has originated and developed
approximately 1,500 megawatts of solar projects either under
construction or operational across the U.S. The company is
independently owned and consists of a diverse team of seasoned
industry veterans, with over 10,000 megawatts of collective
utility-scale development expertise.
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.
Contact: Jennifer Garber
Office: 980.373.0668
24-Hour: 800.559.3853
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SOURCE Duke Energy