Duke Energy, Toray Resin Company partner to construct solar energy facility | News
Duke Energy Indiana is working with Toray Resin Company, an international plastics manufacturer, to build a solar system with an output of up to 900 kilowatts on its Shelbyville campus.
The solar project is the first in a pilot program by Duke Energy that aims to make it easier for companies, schools and nonprofits to integrate clean, renewable energy sources into their energy mix.
“Many of our customers are looking for renewable energy,” said Stan Pinegar, president of Duke Energy Indiana. “We are proud to partner with Toray Resin through a unique lease agreement to lay the foundation for a solar system that will power your manufacturing operations in a sustainable and cost-effective manner.”
Under the program, Duke Energy will design, build, operate, and maintain the Blue River Solar Facility on Toray Resin’s Shelbyville campus for a monthly service fee. The program offers Toray Resin the benefits of clean energy to support their operations while minimizing upfront costs and maintenance obligations.
The construction of the open space solar project is underway and should be completed by summer 2022.
“This project supports our commitment to net zero emissions by 2050 and is in line with our vision of delivering innovative technologies and advanced materials while balancing development and sustainability,” said Dennis Godwin, president of the Toray Resin Company, one Subsidiary of Toray Industries. “It reflects our commitment to taking the necessary steps to reduce our carbon footprint and we will continue to pursue renewable energy sources to support our operations. This solar project will be the first for the Toray Resin Company and the first in Indiana as part of the pilot program. “
As part of Duke Energy’s pilot program for solar services, eligible Indiana customers can lease an on-site solar system for a period of up to 20 years. Duke Energy installs, operates, owns and maintains the system while customers receive the total kilowatt hour (kWh) and solar renewable energy (SREC) credit. Initial program capacity is limited to a total of 10 megawatts (MW) for eligible commercial and industrial customers in the Duke Energy Indiana service area.
This program joins the company’s other efforts to promote clean, renewable solar energy, including building and operating a 17 MW solar array at a naval base in southern Indiana and purchasing up to 20 MW of solar power from four solar sites with a capacity of up to 5 MW each one.
Other renewable programs include the company’s GoGreen Indiana program, which gives customers the opportunity to help develop green power sources. Customers can purchase at least two 100 kWh blocks of green power for $ 1.80 per month. The 200 kWh commitment equates to about 20 percent of the energy consumption of the average residential customer and helps avoid 4,800 pounds of carbon dioxide emissions each year.
And the company’s recent upgrade and modernization of the company’s nearly 50-year-old Markland Hydro Station near Florence, Indiana, along the Ohio River, is designed to ensure customers continue to enjoy the benefits of low-cost, carbon-free power generation for years to come.