Duke Energy Renewables buys two Arizona solar farms

Duke Energy Renewables, a commercial business unit of Duke Energy, purchased the Ajo Solar Project and Bagdad Solar Project from Recurrent Energy in August

Charlotte, N.C., December 12, 2011 — Duke Energy now owns two large-scale solar farms in Arizona — the company's first in the American West.

Duke Energy Renewables, a commercial business unit of Duke Energy, purchased the Ajo Solar Project and Bagdad Solar Project from Recurrent Energy in August. Arizona Public Service Co. will buy all of the output from both solar farms from Duke Energy Renewables under the terms of two 25-year power purchase agreements. APS originally signed these agreements with Recurrent Energy.

The Ajo Solar Project, located in Pima County, uses nearly 21,000 photovoltaic solar panels that can collectively generate almost 5 MW of electricity. The project achieved commercial operation in late September.

The Bagdad Solar Project, located in Yavapai County, will use about 72,000 solar panels that can collectively generate 15 MW of electricity. The project is expected to achieve commercial operation by the end of this year.

Financial terms were not disclosed.

International engineering and project management company AMEC designed and built the Ajo and Bagdad projects. AMEC will be responsible for operating and maintaining the sites under the terms of five-year service agreements with Duke Energy Renewables.

Duke Energy Renewables already owns seven PV facilities in operation: a 14-MW solar farm in San Antonio, a 6-MW project in Orlando, Fla., and five 1-MW sites in North Carolina . The company is building a 5-MW facility in Murfreesboro, N.C. In addition, Duke Energy Renewables owns more than 1,000 MW of electric-generating capacity at 10 U.S. wind farms. Since 2007, Duke Energy has invested more than $1.75 billion to grow its commercial wind and solar business lines.

More in Home