Duke Energy to Tap Into More Solar

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Duke Energy Indiana is continuing to expand its use of solar power. The company has reached 20-year agreements to purchase energy created by yet-to-be-developed solar farms in four counties. January 6, 2015

News Release

PLAINFIELD, Ind. - Duke Energy has signed 20-year agreements with three solar developers to purchase up to 20 megawatts of solar power for its Indiana customers. The company has filed a request with the Indiana Utility Regulatory Commission to approve the agreements.

Pending regulatory approval, the developers will build and operate four solar panel projects, each producing up to 5 megawatts of electric power. The projects include:

-Pastime Farm LLC in Clay County and McDonald Solar LLC in Vigo County, developed by Solexus Development and Strata Solar

-Geres Energy LLC in Howard County, developed by Inovateus Solar

-Sullivan Solar LLC in Sullivan County, developed by juwi solar

The projects in Clay, Howard and Vigo counties are expected to provide renewable energy by the end of 2015. The Sullivan County project is expected to provide renewable energy by March 2016.

"These projects will help us develop emission-free solar power resources, while expanding and diversifying our generation portfolio," said Doug Esamann, president of Duke Energy Indiana.

The projects are a result of a request for proposals issued by Duke Energy Indiana in February 2014 for developers interested in supplying the company with solar energy. (See news release: www.duke-energy.com/news/releases/2014020301.asp)

Duke Energy Indiana’s operations provide about 7,500 megawatts of owned electric capacity to approximately 800,000 customers in a 23,000-square-mile service area, making it the state’s largest electric supplier. More information about the company is available at: www.duke-energy.com.

Source: Duke Energy Indiana