Duke Energy (NYSE: DUK) Renewables is building, owning and operating a 69-megawatt (MW) Laurel Hill Windpower Project in Lycoming County, Pennsylvania.
Duke Energy is a leader in wind and solar energy solutions for customers throughout the United States.
Construction of the Laurel Hill Windpower Project began in August and should be fully operational by September 2012. The wind farm will consist of 30 Siemens (NYSE: SI) wind turbines, each one generating up to 2.3 MW. That is enough electricity to power more than 20,000 homes.
Duke Energy plans to sell the electricity generated by the plant to Delaware Municipal Electric Corporation (DEMEC) under a 25-year agreement.
Patrick E. McCullar, President and CEO of DEMEC, says, “The Laurel Hill Windpower Project is the perfect addition to our expanding renewables portfolio. We look forward to our partnership with Duke Energy Renewables and value the experience they bring as wind farm developers and managers.”
Duke Energy also owns the North Allegheny Windpower Project in Blair and Cambria counties in western Pennsylvania. That is a 70 MW plant. The wind farm was purchased in May 2009 from Gamesa Energy (MCE: GAM)
Duke Energy has invested more than $1.75 billion in the growth of their commercial wind and solar power businesses.
Until next time,
Cori
