Duke Energy Renewables Wins 20 MWac of solar projects in Georgia

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Duke Energy Renewables,announced that it has completed the acquisition of the final project in a portfolio developed with Inman Solar Inc., totaling 20 megawatts (MWac).The projects are either under construction or have already begun the commercial operations across central Georgia under Georgia Power’s Renewable Energy Development Initiative (REDI). REC Solar, led the acquisition and construction management on behalf of Duke Energy.

Duke Energy Renewables has announced that it has completed the acquisition of the 20 megawatts (MWac) final project in a portfolio developed with Inman Solar Inc..

The projects are either under construction or have already begun the commercial operations across central Georgia under Georgia Power’s Renewable Energy Development Initiative (REDI). These projects bring Duke Energy Renewables, operating through its REC Solar business unit, to 47.4 MWac of distributed solar projects in Georgia.

“We’re excited to acquire another portfolio of solar projects in Georgia,” said Chris Fallon, vice president of Duke Energy Renewables. He further “This transaction was successful because of our strong relationship with Georgia Power and a dependable, expert developer and build partner in Inman Solar.”

REC Solar, led the acquisition and construction management on behalf of Duke Energy. Duke Energy Renewables, REC Solar and Inman are known to have worked on numerous projects across multiple states in the last three years.

These nine solar projects are anticipated to contribute $11.5 million in leasing and taxes to local communities. Around 81,060 solar panels are said to be used in the projects. The last site is expected to reach commercial operations by the end of March.

Each project was developed under an engineering, production and procurement agreement between REC Solar and Inman and is said to have signed a power purchase agreement of 30- or 35-year with Georgia Power, selling all energy and renewable attributes to Georgia Power as a part of its REDI Distributed Generation RFP program.

“Inman is very pleased to work with Duke Energy Renewables and REC Solar on another set of projects,” said Dan Fossitt, president, Inman Solar. “We are proud to do additional projects in Georgia Power’s REDI program. It’s invaluable to have reliable finance partners in Duke Energy Renewables and REC Solar who understand development and can work with us to manage logistics and efficiently get to funding.”

The nine projects in the portfolio include:

ProjectMWacCountry
Apalachicola2.5Richmond
Arnold Cochran1.725Bleckley
Columbia Substation1.95Columbia
Coody Cochran2.6Bleckley
Fountain Folkston2.1Charlton
Harris Shiloh2.1Harris
Polk Cedartown2.2Polk
Shawnee2Burke
Westberry Jesup2.6Wayne

Duke Energy is one of the nation’s top renewable energy providers – on track to own or purchase 8,000 megawatts of wind, solar and biomass energy by the end of 2020.

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