Duke Renewables Acquires 50-MW of California Solar Projects
Duke Energy Renewables is expanding its investment portfolio, on July 28 announcing the acquisition of two utility-scale PV projects in California. Acquisition of the 20-MW Seville I and 30-MW Seville II power plants from Kruger Energy brings the total number of solar power plants in California Duke Renewables owns to six.
Located in inland Southern California’s Imperial County about 10 miles west of the shrinking Salton Sea the six Duke-owner California solar plants total more than 100-MWs of emissions-free electricity capacity. Terms of the Seville I and II acquisition were not disclosed.
Seville I and II´s power purchase agreements – one with San Diego Gas & Electric and the other with the Imperial Irrigation District – were signed back in 2012. The projects have been under development since, according to Greg Wolf, president of Duke Energy’s Commercial Portfolio and Renewables.
