Duke Energy to purchase its first solar project in New York

Duke Energy Renewables plans to purchase the second largest solar project in New York when the nearly 25-megawatt Shoreham Solar Commons is completed next spring. Neither Duke (NYSE:DUK) nor the seller will disclose the purchase price for the project, which is being built by Chicago-based Invenergy. But the value of the 20-year power purchase agreement that Invenergy negotiated with the Long Island Power Authority will be worth $177 million to Duke Renewables, according to the New York State Comptroller’s…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/08/14/duke-energy-to-purchase-its-first-solar-project-in.html?ana=RSS%26s=article_search