CHARLOTTE, N.C., Aug. 15, 2013 /PRNewswire/ -- Duke Energy
Renewables, a commercial business unit of Duke Energy (NYSE: DUK),
today announced it has acquired a 4.5 megawatt (AC) solar project
in San Francisco from solar
project developer Recurrent Energy.
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The Sunset Reservoir Solar Power Project is the largest solar
generation facility in San
Francisco.
"With the addition of this project, we continue to grow our
solar footprint in California,"
said Duke Energy Renewables President Greg
Wolf. "As this asset continues to contribute to the state
and city's renewable energy goals for years to come, we look
forward to being a positive presence in this community."
The San Francisco Public Utilities Commission (SFPUC) is
purchasing the emissions-free energy under a 25-year power purchase
agreement.
"The Sunset Reservoir solar project more than tripled
San Francisco's municipal solar
generating capacity," said Harlan L. Kelly
Jr., general manager of the SFPUC. "The renewable,
greenhouse gas-free energy from Sunset Reservoir and all of our
other facilities help power public buses, the San Francisco International Airport, health
clinics, and other vital city services."
The solar power system, developed and operated by Recurrent
Energy since 2010, consists of nearly 24,000 solar panels mounted
on top of the Sunset Reservoir. The facility provides electricity
for the city and county of San
Francisco's municipal services and facilities.
"This agreement with Duke Energy Renewables shows the continued
movement of solar into mainstream power," said Recurrent Energy CEO
Arno Harris. "Their investment in
the Sunset Reservoir project further shows solar's ability to
attract capital from conventional energy investors."
In April, Duke Energy Renewables acquired the 21-megawatt
Highlander solar power projects in Twentynine Palms, Calif. The Sunset Reservoir
project adds to Duke Energy Renewables' more than 100 megawatts of
generating capacity at 16 U.S. solar farms. Since 2007, Duke Energy
has invested more than $3 billion to
grow its commercial wind and solar business.
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 16 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 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 Recurrent Energy
Recurrent Energy is a leading
solar project developer marketing clean power to utilities and
large energy users. The company is meeting rising energy demand by
building a portfolio of clean power plants located where they are
needed most. Additional details are available at
www.recurrentenergy.com
About the San Francisco Public Utilities
Commission
The San Francisco Public Utilities Commission
provides retail drinking water and wastewater services to
San Francisco, wholesale water to
three Bay Area counties and green hydroelectric, solar and biogas
power to San Francisco's municipal
facilities and customers. The SFPUC's diverse energy portfolio is
among the cleanest in the nation and includes approximately 385
megawatts of hydroelectric generating capacity, 7.5 megawatts of
solar generating capacity and three megawatts of biogas generating
capacity.
Contact: Tammie McGee, Duke
Energy
Office: 980.373.8812 | 24-Hour: 800.559.3853
Contact: Cate Powers, Recurrent Energy
Office: 415.501.9533
SOURCE Duke Energy