Duke Energy Renewables acquires solar project from Recurrent Energy


Duke Energy Renewables will acquire a solar project from Canadian Solar’s subsidiary, Recurrent Energy.

The subsidiary of Duke Energy announced Thursday the acquisition of the 144 MW Pflugerville Solar project in Texas.

The Pflugerville Solar project is currently under construction and is expected to be commissioned this year. Spread over 932 acres of land in Travis County, the facility will use 489,600 pieces of Canadian Solar’s BiKu bifacial modules. Engineering and construction services for the project are provided by Signal Energy.

Duke Energy Renewables President Chris Fallon said, “We are delighted to add this tremendous project to our growing solar portfolio in Texas to meet the growing demand for electricity in the state and support our relationship. long standing with Austin Energy.

“In addition to providing Austin Energy customers with clean energy at low cost, this project will also bring significant economic benefits to the state.

For this project, Duke Energy Renewables will provide long-term operation and maintenance services.

Canadian Solar President and CEO Shawn Qu said, “We have a long-standing relationship with Duke Energy Renewables and are delighted that they have become the new owners of Pflugerville Solar as they are of a historic project that will power local homes in the Austin area. , supporting the clean energy transition as the Lone Star State continues to diversify its energy mix. “

Once operational, the Pflugerville Solar project will supply nearly 27,000 homes. The city of Austin’s electric utility, Austin Energy, will purchase power from the facility under a 15-year power purchase agreement.

In August, Recurrent Energy secured more than $ 234 million in debt and tax equity financing to support construction of the project.

During the peak phase of construction, the project will employ 350 workers. Almost 50% of those construction jobs will be filled by local skilled trades in the Travis County area.

The Pflugerville Solar project would be the fifth project acquired by Duke Energy Renewables from Recurrent Energy.

The project is also expected to support Duke Energy’s goals of doubling its renewable energy resources by the end of 2025.

Financial details of the deal were not disclosed by either company.

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