Duke Energy Breaks Ground on Speedway Solar Project
Duke Energy is expanding its growing clean energy portfolio and says it has started construction on the 22.6 MW Speedway solar power plant in Cabarrus County, NC
The project will be owned and operated by Duke Energy Sustainable Solutions, a new trademark that also includes Duke Energy Renewables. The project was selected within the framework of the tendering process established by the 2017 solar legislation. The power plant will contain around 77,000 Jinko bifacial modules with single-axis tracking. The facility will be located on 185 acres in Midland, NC and is expected to be commercially operational by the end of the year.
“Duke Energy is committed to expanding renewable energy, reducing carbon emissions and achieving a net-zero carbon target by 2050,” said Stephen De May, president of Duke Energy North Carolina. “Solar expansion will be a key element of this effort.”
As part of competitive renewable energy procurement in North Carolina, there are planned projects to be built that require energy capacity for the Duke Energy system in North Carolina or South Carolina. Offers can come from any company, including Duke Energy, and can be in the form of Power Purchase Agreements (PPAs), self-developed facilities, or purchase of utilities.
Speedway Solar will employ around 70 people during the construction phase. In addition to the indirect economic benefits that come with developing solar projects, such as increased local spending in the service and construction industries, the project will also have positive economic effects on the local community by providing the county and local school with local tax revenue, according to Duke Energy Districts and reasonable payments to the participating landowners are made available.
The design of the facility, the procurement of inverters, the balance of the installation systems and the construction of the project will be carried out by Swinerton. The solar power generated by Speedway Solar is delivered over a 20-year PPA.