Duke Energy Aims to Double Renewable Energy Over Next 5 Years

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Duke Energy will double its renewable energy portfolio over the next five years, the company announced this week in its latest Sustainability Report.

Nationwide, the company owns, operates and contracts for just over 8,000 megawatts of wind, solar and biomass energy – about 14% of its over overall generation capacity. That’s enough to power more than a million homes. The company is looking to double that to 16,000 MW by 2025.

“Growing our renewable portfolio by 8,000 megawatts in five years will not be easy. But our regulated and commercial teams are laser-focused on making it happen,” said Rob Caldwell, president of Duke Energy Renewables.

In North Carolina, Duke Energy owns and operates 40 solar facilities in the state, with more on the drawing board. The company has helped North Carolina become the No. 2 solar state in the nation – only behind California.

The company owns and operates wind and solar facilities in 20 states across the nation.

With the addition of its fleet of nuclear and hydroelectric plants, half of the company’s generation in North Carolina is greenhouse-gas free.

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