Duke Discusses Renewable Energy Plans
Duke Energy Corp. plans to expand its portfolio of wind projects and other clean energy resources, according to Jim Rogers, the company’s chairman, president and chief executive, Dow Jones reports.
Duke intends to develop its renewable energy business into a stand-alone unit within subsidiary Duke Energy Generation Services.
In late May, Duke agreed to acquire Tierra Energy, an Austin, Texas-based wind-project developer that has more than 1,000 megawatts of wind assets under development in the West and Southwest. Duke plans to spend about $400 million through 2008 on Tierra’s first three wind projects.
Duke Energy Indiana has also agreed to purchase up to 100 megawats from a wind farm under development in Indiana.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- OATI Taps EnSync for Planned Microgrid
- Lime Energy to Provide Clean Energy Tech to 100K Small Businesses
- Celtic Bank Backs Solar to the Tune of $43 Million
- GE, Coachella Energy Building a Big Lithium-Ion Battery
- The Importance of Energy Storage System Software
- Duke Increasines Chiller Efficiency
- Pepco-Exelon Merger Rejected
- Energy Savings a Key to Calgary Building Redevelopment