STOCK TITAN

Duke Energy, Buncombe County, N.C., to partner on solar project

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Duke Energy and Buncombe County are collaborating to construct a 5-megawatt solar power plant on a retired landfill in Woodfin, North Carolina. This initiative supports the county's 2030 renewable energy goals and aims to provide energy to Duke Energy customers in the Carolinas. The project will generate enough energy to power around 1,000 homes annually, utilizing concrete blocks for solar racking to protect the landfill's ground covering. Duke Energy's investment in renewable projects reinforces its status as a national leader in solar energy, operating 40 solar plants in North Carolina.

Positive
  • 5-megawatt solar power plant supports Buncombe County's renewable energy goals.
  • Will provide energy for approximately 1,000 homes and businesses annually.
  • Duke Energy reinforces its position as a leader in renewable energy with ongoing investments.
Negative
  • None.

CHARLOTTE, N.C., July 29, 2020 /PRNewswire/ -- Continuing efforts to bring more renewable energy to North Carolina, Duke Energy and Buncombe County will team up to build a new solar power plant on a retired landfill in the town of Woodfin.

Duke Energy will own and operate the 5-megawatt solar power plant located on the closed Buncombe County landfill – near Interstate 26 and the French Broad River.

The new solar plant will help meet the county's 2030 renewable energy goals, while providing energy to all Duke Energy customers in the Carolinas.

"Working with local communities is critical to advancing our clean energy plan," said Stephen De May, Duke Energy's North Carolina president. "This project is an innovative example of how to creatively repurpose land to advance community goals."

The plant is expected to come online in the second half of 2021 and will produce enough energy annually to power about 1,000 homes and businesses.

"We are excited to see the solar farm on the county's retired landfill moving forward. This is a great way to make productive use of land that cannot be used for many other purposes while helping the county meet its goal of using 100% renewable energy by 2030," notes Board of Commission Chairman Brownie Newman. 

Sourcing its renewables from local generation was identified as a top priority during the county's renewable energy community engagement process. This project will allow the county to reach nearly 20% of its renewable goal with locally sourced clean energy.  

Background

The landfill stopped operating in 1996. To avoid disturbing the ground covering, the solar racking system will be built on concrete blocks instead of being anchored into the ground. Underground cabling will be kept to a minimum. Check out video footage of the site.

The project will be located on 25 acres and will be connected to the Duke Energy power grid. Under a 25-year agreement, the county will lease the land to Duke Energy. For Buncombe County to include the solar power generated toward its 100% renewable energy goal, it will own the Renewable Energy Certificates (REC) from the Duke Energy power plant to offset the energy used from the county's operations.

The solar project is just one of many Duke Energy investments in the region. The company recently finished construction of the $817 million Asheville Combined Cycle Station, which became fully operational April 5, 2020. The new station replaced a 344-megawatt two-unit coal plant at the Asheville site, which retired on Jan. 29, 2020.

The company's efforts in the region also include increased participation in energy efficiency and conservation programs to reduce energy usage, a battery storage project in Asheville and a solar and battery microgrid system in neighboring Madison County.

More details about the landfill solar plant are in the company's filing with the North Carolina Utilities Commission. The regulatory body must give final approval to the project.

Duke Energy is a national leader in renewable energy. It operates 40 solar power plants in North Carolina. The state is ranked second in the nation for overall solar generation.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2020 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Contact: Randy Wheeless
24-Hour: 800.559.3853
Twitter: @DE_RandyW

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/duke-energy-buncombe-county-nc-to-partner-on-solar-project-301102057.html

SOURCE Duke Energy

FAQ

What is the purpose of the Duke Energy solar power plant in Buncombe County?

The solar power plant aims to support Buncombe County's 2030 renewable energy goals while providing energy to Duke Energy customers.

How much energy will the solar plant in Buncombe County generate?

The plant is expected to generate enough energy annually to power about 1,000 homes and businesses.

When is the Duke Energy solar project expected to come online?

The project is anticipated to be operational in the second half of 2021.

How does the solar project utilize the closed landfill?

The solar racking system will be built on concrete blocks to avoid disturbing the landfill's ground covering.

What is Duke Energy's commitment to renewable energy?

Duke Energy is a national leader in renewable energy and operates 40 solar power plants in North Carolina.

Duke Energy Corporation

NYSE:DUK

DUK Rankings

DUK Latest News

DUK Stock Data

85.85B
772.48M
0.14%
66.6%
1.27%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHARLOTTE