Watch Live

Tweet TWEET

Duke Energy Buys 21 Megawatts of Solarworld Farms in California

Duke Energy Corp. (DUK), the largest U.S. utility owner by market value, bought two Solarworld AG (SWV) projects in Southern California with total capacity of 21 megawatts.

The twin solar farms, Highlander 1 and Highlander 2, near Twentynine Palms, California, will be run as one operation and will provide power for more than 4,000 homes, Charlotte, North Carolina-based Duke said in a statement today. Edison International’s Southern California Edison will buy all the electricity under a 20-year agreement.

Highlander is expected to begin producing power this quarter and will be Duke’s largest solar farm, according to the statement. Terms weren’t disclosed.

With the deal, Duke owns more than 100 megawatts of capacity at 15 U.S. solar farms and has spent more than $2.5 billion on solar and wind since 2007.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.