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Pine Gate Renewables to construct 35-MW photo voltaic facility to generate clear, renewable power for Durham companions
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Challenge expands solar energy improvement in North Carolina
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Durham companions make important progress towards clear power objectives
CHARLOTTE, N.C. – The Metropolis of Durham, Durham County Authorities, and Durham Public Faculties (DPS) are the most recent clients to profit from Duke Power’s Inexperienced Supply Benefit (GSA) program.
The three clients will collectively buy virtually 35 megawatts (MW) of photo voltaic capability from a proposed photo voltaic facility positioned in Northeast Alamance County. Will probably be developed, owned and operated by Pine Gate Renewables, and is topic to native and state approvals. The venture is anticipated to change into operational by the tip of 2025.
“Our municipal and huge power customers wish to increase renewable energy of their power combine. Many are discovering Duke Power’s Inexperienced Supply Benefit program the right match to perform that,” mentioned Kendal Bowman, Duke Power’s North Carolina state president. “Now we have designed it to be versatile and permit clients to change it to fulfill their particular wants.”
GSA helps photo voltaic power improvement all through North Carolina and helps members meet renewable power objectives.
Initially launched in 2017, the GSA program has been utilized by different clients such because the Metropolis of Charlotte, Financial institution of America, Wells Fargo and Duke College. That is the primary time a number of clients have joined collectively in a single GSA venture.
“This venture is important to the success of our Carbon Neutrality and Renewable Power Motion Plan, nevertheless it additionally means progress towards our objectives to convey cleaner air and a more healthy atmosphere to our Durham neighborhood,” mentioned Metropolis of Durham Mayor Elaine O’Neal.
The town and county have objectives to energy operations and amenities with 80% renewable power sources by 2030 and 100% by 2050.
“The Inexperienced Supply Benefit program is the venture with the single-largest impression on assembly our renewable power and greenhouse gasoline emissions objectives,” mentioned Durham County Board of Commissioners Chair Brenda Howerton. “Along with the environmental advantages, we’re capable of pay for the venture because the clear power is generated, avoiding the necessity for loans or bonds. That aligns with the county’s fiscal accountability.”
This renewable power venture will offset roughly 50% of town’s, 75% of the county’s, and 10% of DPS’s electrical energy consumption with clear, emission-free solar energy. In keeping with the U.S. EPA’s greenhouse gasoline equivalencies calculator, as soon as constructed, the photo voltaic facility will keep away from the identical quantity of greenhouse gasoline emissions which might be sequestered or absorbed by greater than 61,500 acres of U.S. forests in a single yr.
“We’re completely satisfied to be part of this public-private partnership,” mentioned DPS Constructing Providers Government Director Fredrick Davis. “Participation on this initiative will cut back our carbon footprint and enhance our on a regular basis power utilization. In our efforts to be part of the county’s 2030 plan, that is one step towards our total sustainability objectives for DPS.”
“Pine Gate Renewables is happy to work in partnership with Duke Power to assist the Metropolis of Durham, Durham County, and Durham Public Faculties obtain their renewable power objectives,” mentioned Ben Catt, CEO of Pine Gate Renewables. “As a North Carolina-based firm now doing enterprise throughout the nation, we’re proud to develop photo voltaic websites domestically to create optimistic impacts in communities the place our workers stay, work and go to.”
The GSA program permits giant clients to offset their energy purchases by securing renewable power from tasks linked to the Duke Power grid. The client might maintain the renewable power certificates (RECs) generated by the tasks to fulfill sustainability or renewable power objectives. The purchasers are credited for the solar energy the power generates in opposition to their power bought from the Duke Power grid.
Duke Power is main the most important clear power transformation in the USA. It maintains greater than 4,600 MW of solar energy on its power grid within the Carolinas. That might energy the annual utilization of just about 1 million houses and companies.
North Carolina at present ranks No. 4 within the nation for total solar energy. Duke Power operates greater than 45 photo voltaic amenities within the Carolinas. With a portfolio of nuclear, hydro and renewable power, greater than half of the corporate’s power combine in North Carolina is carbon-free.
About Duke Power
Duke Power (NYSE: DUK), a Fortune 150 firm headquartered in Charlotte, N.C., is one among America’s largest power holding corporations. Its electrical utilities serve 8.2 million clients in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively personal 50,000 megawatts of power capability.
Duke Power is executing an aggressive clear power transition to realize its objectives of net-zero methane emissions from its pure gasoline enterprise by 2030 and net-zero carbon emissions from electrical energy era by 2050. The corporate has interim carbon emission targets of no less than 50% discount from electrical era by 2030, 50% for Scope 2 and sure Scope 3 upstream and downstream emissions by 2035, and 80% from electrical era by 2040.Observe Duke Power on Twitter, LinkedIn, Instagram and Fb.
About Pine Gate Renewables
Pine Gate Renewables is a number one renewable power firm centered on improvement and strategic financing of photo voltaic and storage tasks all through the USA. From coast to coast, Pine Gate Renewables owns and operates renewable energy-generating tasks that create a optimistic impression on native communities and the nation’s environmental footprint. Headquartered in Asheville, N.C., Pine Gate Renewables debuted at #37 on the Inc. 5000 record in 2021 and was named to Quick Firm’s Most Revolutionary Corporations record the identical yr. For extra info, go to pinegaterenewables.com.
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Media Contacts
Duke Power contact: Randy Wheeless
24-Hour: 800.559.3853
Twitter: @DE_RandyW
Durham County
Daybreak Dudley
publicinformationoffice@dconc.gov
Crystal Kimpson Roberts
Durham Public Faculties
crystal_roberts@dpsnc.internet
Kristen Beckham
Pine Gate Renewables
kristenbeckham@pgrenewables.com
Metropolis of Durham
communications@durhamnc.gov
