Recurrent Energy sold 266 MW Texas solar project to Duke Energy Renewables
Post date: 15/09/2019 - 11:13
Duke Energy Renewables, a subsidiary of Duke Energy, acquired the 266 MW »Rambler« solar project from Recurrent Energy, subsidiary of Canadian Solar Inc. The project will be located in Tom Green County, Texas and is expected to achieve commercial operation in mid-2020.
The energy generated will be sold to a customer under a 15-year agreement. The project will utilize more than 733,000 of Canadian Solar's high efficiency bi-facial BiKu modules across approximately 1,700 acres.
The project is expected to employ 400 workers at peak construction. »Rambler« will also directly provide several million dollars to Tom Green County and to the local school district over the 40-year life of the project.
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 facility also represents one of seven large-scale projects in Recurrent Energy's development portfolio within the state, said Shawn Qu, chairman and CEO of Canadian Solar. The company expects to recognize the majority of the revenue from the sale of the project in the third quarter of 2019.