CHARLOTTE — Duke Energy Renewables has acquired a 100-megawatt solar energy project in Texas from 7X Energy Inc., a Texas-based solar developer, for an undisclosed amount.
The project is based in Andrews County, Texas, on an approximate 800-acre site. The Lapetus project is expected to finish construction at the end of 2019, creating approximately 150 jobs and generating over $20 million in local property tax revenue.
[The power is enough to provide electricity for between 7,500 and 10,000 homes, according to the California Energy Commission.]
Charlotte-based Duke Energy Renewables primarily acquires, develops, builds and operates wind and solar electric generation facilities across the U.S. Its utility-scale wind and solar assets total about 2,900 megawatts – across 14 states – from 21 wind and 64 solar projects.
Duke Energy shares were trading at $90.30 at market close on Friday, up 0.92 percent from opening.
“Our focus is generating cleaner energy for the state of Texas and this solar project will do just that,” said Rob Caldwell, president, Duke Energy Renewables and Distributed Energy Technology, in a statement.
“We are pleased to partner with these communities in Texas to build and own facilities that offer customers additional options to use solar energy.”
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism.
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