Nearly $1B in solar construction could mean savings for Duke Energy customers

CHARLOTTE, N.C. — Duke Energy has signed power-purchase agreements with 11 solar projects, including two by Charlotte developers, chosen in the most recent round of competitive bidding for new solar construction in the Carolinas.

Ten of the projects, totaling 589 megawatts, will sell power to Duke Energy Carolinas. A single 75-megawatt project will sell power to Duke Energy Progress. According to figures from the independent administrator of the competitive bidding process, that would represent $680 million to $990 million in solar construction over the next few years.

The independent administrator of the bidding program estimates that the power price resulting from the bids will save Duke customers about $100 million over the next 20 years.

Read more here.