Corning Agrees to Buy Solar Power From New Duke Energy Plant

The consortium consists of Alten Renewable Energy Developments Africa, B.V., Green Continent Partners Holding B.V. and Nemoante Ltd, The project is expected to reach financial close by the fourth quarter of 2016.

Amount of US power capacity from non-renewable energy sources.

Image: Duke Energy Renewable energy company Duke Energy has formally announced plans to develop two PV projects in North Carolina with a combined generation capability of 75MW.

Millfield solar park, North Carolina.

Corning Chief Strategy Officer Jeffrey Evenson said in prepared remarks Monday that the move “encourages efficiencies and clean power usage that eventually lower costs”. “As part of our solar expansion efforts in North Carolina, we will continue to seize opportunities to both develop as well as purchase projects that enable us to deliver more renewable energy to our customers”, said Rob Caldwell, senior vice president, Distributed Energy Resources. “We believe this decision fits our corporate mission to be a good steward of the environment”. “It is a strong indication that long-term renewable energy contracts are becoming increasingly relevant to all Fortune 500 companies and will soon become the standard way of running business”.

“The 2014 Renewable Energy Data Book displays renewable energy trends for the United States and the world”, NREL Energy Analyst Philipp Beiter said.

Corning’s presence in North Carolina includes more than 3,000 employees across five locations, the company said.

“Locally we’ve seen a massive push towards renewable energy, with solar projects planned in Gunnedah and Manilla as well as plenty of individual investment in to renewable projects”. Overall, biomass capacity increased from 11.03 GW in 2004 to 15.41 GW in 2014. Rocky River Road near Monroe in Union County will be located on a 400-acre site.