CHARLOTTE, N.C., March 6, 2014 /PRNewswire/ -- Duke Energy
Renewables, a commercial business unit of Duke Energy, today
announced its acquisition of two 20-megawatt (MW) AC California
solar projects from renewable energy developer Infigen Energy.
The construction-ready Pumpjack and Wildwood Solar Power
Projects, located in Kern County
near Bakersfield, represent Duke
Energy Renewables' third and fourth utility-scale solar power
projects in the state. Once the projects are complete, the company
will own and operate more than 65 megawatts of solar power in
California.
"The acquisition of Pumpjack and Wildwood will more than double
our solar power capacity in California," said Duke Energy Renewables
President Greg Wolf. "We're pleased
to provide an increasing supply of affordable, clean energy to the
nation's number one solar market."
The solar energy generated from the two projects will be sold
through 20-year power purchase agreements with Southern California
Edison.
Infigen's U.S. CEO, Craig Carson,
said, "We are very pleased that our first development efforts in
solar PV have succeeded in bringing together strong counterparties
such as Southern California Edison and Duke Energy. We expect that
the experience gained and the relationships created through these
solar projects will deliver significant benefits for our future
development opportunities."
In 2013, Duke Energy Renewables built the 21-MW Highlander Solar
Power Project in Twentynine Palms
and acquired the 4.5-MW Sunset Reservoir project in San Francisco. Within the year, once Pumpjack
and Wildwood reach commercial operation, the projects will push
Duke Energy Renewables' total U.S. installed solar capacity to 185
MW at 23 utility-scale facilities across the country.
In 2011, INDU, a partnership between Duke Energy Renewables and
Integrys Energy, constructed eight 1-MW rooftop solar projects in
southern California.
About Duke Energy Renewables
Duke Energy Renewables, part of Duke Energy's Commercial
Businesses, is a leader in developing innovative wind and solar
energy generation projects for customers throughout the United States. The company's growing
portfolio of commercial renewable assets includes 15 wind farms and
21 solar farms in operation in 12 states, totaling almost 1,800
megawatts in electric-generating capacity. Learn more at
www.duke-energy.com/renewables.
Headquartered in Charlotte,
N.C., Duke Energy is a Fortune 250 company traded on the New
York Stock Exchange under the symbol DUK. More information about
the company is available on the Internet at:
www.duke-energy.com.
About Infigen Energy
Infigen Energy is a specialist renewable energy business. We
have interests in 24 wind farms across Australia and the
United States. With a total installed capacity in excess of
1,600MW (on an equity interest basis), we currently generate enough
renewable energy per year to power over half a million households.
As a fully integrated renewable energy business in Australia, we develop, build, own and operate
energy generation assets and directly manage the sale of the
electricity that we produce to a range of customers in the
wholesale market.
Infigen Energy trades on the Australian Securities Exchange
under the code IFN.
For further information please visit our website:
www.infigenenergy.com
Duke Energy contact: Tammie McGee
or Luke Currin
Office: 980.373.8812 | Office: 980.373.1849
Infigen Energy contact: Richard
Farrell
Office: +61 2 8031 9900
Infigen Energy U.S. contact: Kelly
Kimberly
Office: 713.328.5151
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SOURCE Duke Energy
