Duke Energy Renewables acquires one of the largest urban municipal solar
projects in California
CHARLOTTE, N.C., Aug. 15, 2013
CHARLOTTE, N.C., Aug. 15, 2013 /PRNewswire/ --Duke Energy Renewables, a
commercial business unit of Duke Energy (NYSE: DUK), today announced it has
acquired a 4.5 megawatt (AC) solar project in San Francisco from solar project
developer Recurrent Energy.
The Sunset Reservoir Solar Power Project is the largest solar generation
facility in San Francisco.
"With the addition of this project, we continue to grow our solar footprint in
California," said Duke Energy Renewables President Greg Wolf. "As this asset
continues to contribute to the state and city's renewable energy goals for
years to come, we look forward to being a positive presence in this
The San Francisco Public Utilities Commission (SFPUC) is purchasing the
emissions-free energy under a 25-year power purchase agreement.
"The Sunset Reservoir solar project more than tripled San Francisco's
municipal solar generating capacity," said Harlan L. Kelly Jr., general
manager of the SFPUC. "The renewable, greenhouse gas-free energy from Sunset
Reservoir and all of our other facilities help power public buses, the San
Francisco International Airport, health clinics, and other vital city
The solar power system, developed and operated by Recurrent Energy since 2010,
consists of nearly 24,000 solar panels mounted on top of the Sunset Reservoir.
The facility provides electricity for the city and county of San Francisco's
municipal services and facilities.
"This agreement with Duke Energy Renewables shows the continued movement of
solar into mainstream power," said Recurrent Energy CEO Arno Harris. "Their
investment in the Sunset Reservoir project further shows solar's ability to
attract capital from conventional energy investors."
In April, Duke Energy Renewables acquired the 21-megawatt Highlander solar
power projects in Twentynine Palms, Calif. The Sunset Reservoir project adds
to Duke Energy Renewables' more than 100 megawatts of generating capacity at
16 U.S. solar farms. Since 2007, Duke Energy has invested more than $3 billion
to grow its commercial wind and solar business.
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 16 solar farms in
operation in 12 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 Recurrent Energy
Recurrent Energy is a leading solar project developer marketing clean power to
utilities and large energy users. The company is meeting rising energy demand
by building a portfolio of clean power plants located where they are needed
most. Additional details are available at www.recurrentenergy.com
About the San Francisco Public Utilities Commission
The San Francisco Public Utilities Commission provides retail drinking water
and wastewater services to San Francisco, wholesale water to three Bay Area
counties and green hydroelectric, solar and biogas power to San Francisco's
municipal facilities and customers. The SFPUC's diverse energy portfolio is
among the cleanest in the nation and includes approximately 385 megawatts of
hydroelectric generating capacity, 7.5 megawatts of solar generating capacity
and three megawatts of biogas generating capacity.
Contact: Tammie McGee, Duke Energy
Office: 980.373.8812 | 24-Hour: 800.559.3853
Contact: Cate Powers, Recurrent Energy
SOURCE Duke Energy
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