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Duke Energy Renewables acquires California project from SolarWorld

      Duke Energy Renewables acquires California project from SolarWorld

Duke surpasses 100 MW milestone in commercial solar energy generation

PR Newswire

TWENTYNINE PALMS, Calif., April 10, 2013

TWENTYNINE PALMS, Calif., April 10, 2013 /PRNewswire/ -- Duke Energy
Renewables, a commercial business unit of Duke Energy (NYSE: DUK), today
announced it has acquired two commercial solar power projects near Twentynine
Palms, Calif., from project developer SolarWorld, the largest U.S. solar
manufacturer for more than 35 years.

(Logo: http://photos.prnewswire.com/prnh/20130322/CL81938LOGO )

The twin projects, named Highlander Solar 1 and 2, are in close proximity and
will be run as a single operation. It will collectively generate 21 megawatts
(MW) of renewable energy, enough to power more than 4,000 average homes each
year.

"Highlander will be the company's largest commercial solar farm in the
nation," said Duke Energy Renewables President Greg Wolf. "It enlarges our
footprint in a key U.S. renewables market while delivering affordable,
zero-emission solarpower to help the state's customers meet their renewable
energy goals."

Southern California Edison will buy all of the output generated by the project
through a 20-year power purchase agreement.

After purchasing the sites in May of 2012, SolarWorld directed the project's
engineering, procurement, permitting and construction and will complete
Highlander in the second quarter of this year. Commercial operation will
follow shortly thereafter. At the peak of construction, the project employed
more than 200 workers, the majority from surrounding communities.

"This project will be an asset in the portfolio of Duke Energy, a nationally
recognized leader in the field of clean-energy development," said Kevin
Kilkelly, president of SolarWorld Americas, the company's commercial unit.
"Its investment underscores our position as a premier developer of large-scale
solar projects."

Highlander, which SolarWorld originally named the Desert Star Solar Projects,
sits on two parcels of land and features 100,188 SolarWorld Sunmodule solar
panels manufactured in the company's Hillsboro, Ore., factory and mounted on
SolarWorld's Suntrac single-axis trackers. When commissioned, the project will
rank among the state's largest operating crystalline-silicon solar
installations.

With the addition of Highlander, Duke Energy Renewables now owns more than 100
MW of generating capacity at 15 U.S. solar farms. Since 2007, Duke Energy has
invested more than $2.5 billion to grow its commercial wind and solar
business.

Terms of the purchase were not disclosed.

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 15 solar farms in
operation in 10 states, totaling more than 1,700 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 SolarWorld
SolarWorld AG manufactures solar power systems and in doing so contributes to
a cleaner energy supply worldwide. The company, located in Bonn, employs
approximately 2,600 people and carries out production in Freiberg, Germany,
and Hillsboro, USA. From raw material silicon to the solar module, SolarWorld
manages all stages of production ‒ including its own research and development.
Through an international distribution network, SolarWorld supplies customers
all over the world with solar modules and complete systems. The company
maintains high social standards at all locations across the globe, and has
committed itself to resource- and energy-efficient production. SolarWorld has
been publically traded on the stock market since 1999. More information at
www.solarworld-usa.com

SolarWorld's U.S. EPC division has developed a wide range of projects since
the early 1980s. Most recently, SolarWorld oversaw engineering and
procurement and provided installation training for the Los Angeles Department
of Water and Power's 11.6-megawatt Adelanto Solar Project in 2012.

Duke Energy Contact: Tammie McGee SolarWorld Contact: Devon Cichoski
Office: 980.373.8812             Office: 805.388.6388
24-Hour: 800.559.3853             Cell: 805.377.2905



SOURCE Duke Energy

Website: http://www.duke-energy.com
 
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