Lockheed Martin Signs Deal to Buy Solar Power From Duke Energy

  • Aerospace company seeking to reduce emissions 35% by 2020
  • Conetoe plant in North Carolina has 80 megawatts of capacity

Aerospace giant Lockheed Martin Corp. agreed to buy 30 megawatts of capacity from a Duke Energy Corp.solar farm in North Carolina.

Lockheed Martin has a 17-year contract to purchase power from the facility in Conetoe, about 20 miles (32 kilometers) north of Greenville, the Bethesda, Maryland-based company said in a statement Monday.

The agreement will help Lockheed Martin meet a pledge to reduce its greenhouse gas emissions by 35 percent by 2020 from 2010 levels. The company currently derives 16 percent of its power from clean sources, including renewable energy credits.

Duke Energy, based in Charlotte, North Carolina, operates 18 wind farms and 35 solar installations in 12 states, with total capacity of 2,500 megawatts. The Conetoe plant is the largest solar farm east of the Mississippi River, with a capacity of 80 megawatts, the company said. Corning Inc. agreed in December to buy power from the project.

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