Duke Energy Renewables, a subsidiary of Duke Energy, is expanding its solar energy portfolio by acquiring the 200-MWAC / 266-MWp Rambler solar project from Recurrent Energy, a wholly-owned subsidiary of Canadian Solar. The project will be located in Tom Green County, Texas, and is expected to achieve commercial operation in mid-2020.
The energy generated from the Rambler solar project will be sold to a customer under a 15-year agreement. It will use more than 733,000 of Canadian Solar’s high-efficiency bifacial BiKu modules across approximately 1,700 acres west of San Angelo, Texas. Duke Energy Renewables will provide long-term operations and maintenance services to the project.
“We’re pleased to continue our expansion of solar energy resources in Texas, which is seeing increasing demand for power,” said Rob Caldwell, president of Duke Energy Renewables. “In addition to generating clean energy, this project will also bring significant economic benefits to the state.”
“With over 1 GW of contracted projects in ERCOT’s service territory, we are proud that Recurrent Energy continues to lead solar energy development in Texas, one of the fastest growing U.S. states for the solar industry,” said Shawn Qu, chairman and CEO of Canadian Solar. “It has been our pleasure to rekindle our long relationship with Duke Energy Renewables’ talented team through this strategic transaction.”
The Rambler solar project, which is the fifth acquisition by Duke Energy Renewables this year, will be the company’s fourth solar generation facility in Texas. The Rambler project also represents one of seven large-scale projects in Recurrent Energy’s development portfolio within the state.
News item from Recurrent Energy