September 7, 2016 - 9:41 AM EDT
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Duke Energy Renewables acquires six Georgia solar projects from SolAmerica Energy

- First solar projects for Duke Energy Renewables in Georgia - Duke Energy Renewables now owns 49 solar sites in eight states

CHARLOTTE, Sept. 7, 2016 /PRNewswire/ -- Duke Energy Renewables today announced the acquisition of six solar projects totaling 4.7 megawatts (MW) from SolAmerica Energy.

New Duke Energy logo.

SolAmerica Energy developed the ground-mounted projects and managed construction under an engineering, procurement and construction agreement with Duke Energy affiliate REC Solar. The projects are part of the Georgia Power Advanced Solar Initiative, and Georgia Power will purchase the power generated by the projects under a 30-year agreement.

"In acquiring these solar sites, we add Georgia to our growing U.S. renewables footprint," said Rob Caldwell, president, Duke Energy Renewables and Distributed Energy Technology. "SolAmerica and REC Solar have completed quality projects that will deliver clean energy to Georgia Power's customers for years to come."

"We are pleased to have developed and constructed these projects for Duke Energy as part of a portfolio of projects under Georgia Power's Advanced Solar Initiative," said R. Stanley Allen, president of SolAmerica. "Duke Energy Renewables and REC Solar have been great partners and we look forward to continued involvement in the projects in an operations and maintenance capacity."

The projects total 4.7 MW alternating current (AC) and include:

  • Hancock County Solar Farm in Sparta, Ga.: 1 MW direct current (DC) / 769 kW AC
  • Johnson County Solar Farm in Wrightsville, Ga.: 1 MW DC / 769 kW AC
  • Ware County Solar Farm in Waycross, Ga.: 1 MW DC / 769 kW AC
  • Wilcox County Solar Farm in Abbeville, Ga.: 1 MW DC / 769 kW AC
  • Decatur County Solar Farm I In Bainbridge, Ga.: 1 MW DC / 769 kW AC
  • Decatur County Solar Farm II In Bainbridge, Ga.: 1.1 MW DC /  834 kW AC

The panels were manufactured by Yingli.

In its commercial business and regulated utilities, Duke Energy (NYSE: DUK) owns and operates more than 2,800 MW of wind and solar energy – enough to power 780,000 average homes at peak production. The company has invested more than $4 billion in renewable energy.

About Duke Energy Renewables
Duke Energy Renewables, part of Duke Energy's Commercial Portfolio, 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 approximately 20 wind projects and more than 40 solar facilities in operation in roughly a dozen states, totaling about 2,700 megawatts in electric-generating capacity. Learn more at www.duke-energy.com/renewables.

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About SolAmerica Energy
Founded in 2009, SolAmerica Energy is a leading Developer, EPC, and Operations & Maintenance Provider of solar photovoltaic (PV) projects for commercial, industrial, and government clients. SolAmerica's core competencies include site assessment, solar finance, system design and engineering, procurement, turnkey installation, testing, system monitoring, and operations and maintenance. With offices in Atlanta, Georgia and Washington, DC, SolAmerica has extensive experience delivering high-profile solar projects. For additional information about SolAmerica, visit www.solamericaenergy.com.

About REC Solar
REC is the only renewable energy provider focused exclusively on businesses and backed by Duke Energy, one of the largest energy companies in the world. Incorporating experience from more than 500 successful commercial solar installations over 19 years, REC Solar tailors financing and technology solutions to immediately deliver bottom line savings. REC Solar makes commercial solar simple, working seamlessly with customer operations to deliver clean energy for decades. For more, visit recsolar.com or call 844-REC-SOLAR (844-732-7652).

Contact: Duke Energy, Tammie McGee
800.559.3853

Contact: SolAmerica, Scott Garrett
770.826.7366, [email protected]

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/duke-energy-renewables-acquires-six-georgia-solar-projects-from-solamerica-energy-300323825.html

SOURCE Duke Energy


Source: PR Newswire (September 7, 2016 - 9:41 AM EDT)

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