Duke Energy to build three solar projects in Eastern North Carolina

     Duke Energy to build three solar projects in Eastern North Carolina

PR Newswire

CHARLOTTE, N.C., Nov. 25, 2013

CHARLOTTE, N.C., Nov. 25, 2013 /PRNewswire/ --Duke Energy Renewables, a
commercial business unit of Duke Energy, has begun construction of three
utility-scale solar power projects totaling 30 megawatts (MW) AC in Eastern
North Carolina.

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

The 20-MW Dogwood Solar Power Project is located in Halifax County, near
Scotland Neck. The company is also building two 5-MW projects, one in Bertie
County near Windsor, named Windsor Cooper Hill Solar. The other, Bethel Price
Solar, is in Pitt County, near Bethel.

"We are pleased to be expanding our presence in Eastern North Carolina and
bringing significant community development benefits to these counties," said
Duke Energy Renewables President Greg Wolf. "The projects generate valuable
tax revenue, provide supplemental income for landowners and bring clean,
renewable energy to the state."

Power from these projects will be sold through long-term, fixed price
contracts.

SunEnergy1, a solar design, engineering and construction company based in
Mooresville, N.C., is building the photovoltaic (PV) projects, which are
projected to be complete by the end of 2013.

"When the sun is shining and the plants are operating, the 30 MW of solar
energy generated by the three projects will supply enough electricity to power
about 6,000 homes," said Kenny Habul, CEO of SunEnergy1. "We are proud to be
partnered with Duke Energy and applaud their continued commitment to bring
economic growth and renewable solar power to these counties that can reap
tangible benefits from the projects.

"This investment, with several hundred jobs during construction and a
permanent tax base, is making a lasting impact on a large portion of Eastern
North Carolina in need of stimulus," he added. "Congratulations to Duke for
the vision."

The 140,000 high efficiency Virtus II PV modules for the three sites are being
supplied by ReneSola. The projects consist of a mix of 72-cell 300-watt and
305-watt polycrystalline PV modules.

"ReneSola has forged a solid, long-term relationship with Duke Energy
Renewables and SunEnergy 1, for which we're very grateful," said Kevin Chen,
president of ReneSola. "Seeing these projects come to fruition with ReneSola
modules, built by one of the most credible EPCs and developers in the
Southeast, is a true testament to the strides ReneSola has made in the U.S.
market since early 2012. We look forward to working closely with Duke Energy
Renewables and SunEnergy1 in 2014 and beyond to help them fulfill on their
pipelines."

These projects, located in Dominion NC Power's service territory, bring Duke
Energy Renewables' wholly owned commercial solar farms to 20 across the U.S.
In addition to its 12.5- and 5-MW solar sites in Beaufort County and the 5-MW
Murfreesboro Solar Power Project, also in Eastern North Carolina, Duke Energy
Renewables owns six 1-MW solar facilities in the western part of the state.

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 17 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 (NYSE: DUK)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 SunEnergy1

SunEnergy1 offers comprehensive solar technology, cool roofing, and LED
lighting solutions. Our experienced team, paired with established
relationships with reputable resources, provides clients with fully integrated
system processes from project conception and preliminary design to
post-construction testing, commissioning and maintenance. SunEnergy1 is based
in Mooresville, N.C.

About Renesola

Established in 2005 ReneSola Ltd. (NYSE: SOL) is a leading global photovoltaic
manufacturer with our own R&D team, advanced production equipment and deep
production experience. ReneSola has 17 subsidiaries, with our own production
bases distributed in Zhejiang Jiashan, Jiangsu Wuxi and Sichuan Meishan. We
specialize in the R&D and manufacturing of polysilicon, silicon wafer and
solar modules and are one of the few large solar conglomerates with vertically
integrated operations from virgin polysilicon to photovoltaic systems in the
global photovoltaic industry. ReneSola was listed on the New York Stock
Exchange (NYSE:SOL) in 2008.

Contact: Tammie McGee
Office: 980.373.8812 | 24-Hour: 800.559.3853

SOURCE Duke Energy

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