DUK - Duke Energy 250 MW solar plant now online in Texas

2023-03-08 09:54:24 ET

Duke Energy ( NYSE: DUK ) said Wednesday it has started operations at its largest solar power plant ever , the 250 MW Pisgah Ridge Solar project in Navarro County, Texas.

Three companies - Charles River Laboratories ( CRL ), Midwest retailer Meijer and an unnamed company - have purchased output for the project under 15-year virtual power purchase agreements.

Charles River Labs ( CRL ) has a VPPA for 102 MW from Pisgah Ridge, addressing all of the company's North American electric power load with clean, renewable energy by 2023.

Duke Energy ( DUK ) operates nearly 1,500 MW of wind, 750 MW of solar and a 36-MW battery storage facility in Texas.

Duke Energy ( DUK ) is adding to revenue and diversifying its energy portfolio by incorporating renewable sources, but the future is "uncertain," Blake Downer writes in an analysis published recently on Seeking Alpha .

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