Duke Energy secures $45M in financing for more clean energy projects

Local Tech Wire

CHARLOTTE, N.C. – Duke Energy (NYSE: DUK) is leveraging its solar power project being built in San Antonio, Texas, for $45 million in additional financing.

Duke is lining up backing for further expansion of its clean energy-related projects.

The $45 million is related to a 14-megawatt project and is covered by a 25-year loan agreement. When completed, the site will include 214,500 ground-mounted solar panels.

Last month, Duke secured $375 million in loans and letters of credit linked to five of its windfarm projects.

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