Duke Energy Renewables closes $109.4 million in a preferred tax equity funding from Goldman Sachs
Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), today announced the closing of $109.4 million in a preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment will be used over 18 months to fund a diverse portfolio of approximately 75 megawatts of solar and solar plus storage projects, which will be developed and constructed by…
Duke Energy Reaffirms Capital Investments in Renewables and Grid Projects to Deliver Cleaner Energy, Economic Growth
Duke Energy (NYSE: DUK) today said that the company will continue advancing its ambitious clean energy goals without the Atlantic Coast Pipeline (ACP) by investing in renewables, battery storage, energy efficiency programs and grid projects. Duke Energy’s $56 billion capital investment plan will deliver significant customer benefits and create jobs at a time when policymakers at all…
Dominion Energy and Duke Energy Cancel the Atlantic Coast Pipeline
Dominion Energy (NYSE: D) and Duke Energy (NYSE: DUK) today announced the cancelation of the Atlantic Coast Pipeline (“ACP”) due to ongoing delays and increasing cost uncertainty which threaten the economic viability of the project. Despite last month’s overwhelming 7-2 victory at the United States Supreme Court, which vindicated the project and decisions made by permitting agencies,…
Duke Energy Foundation Invests $200,000 in EDPNC
The Duke Energy Foundation has invested $200,000 to support the work of the Economic Development Partnership of North Carolina in 2020, a year when both organizations are prioritizing helping the state recover from COVID-19. “Duke Energy’s investment in our work couldn’t be more timely, more needed, or more appreciated,” said Christopher Chung, chief executive officer…
Bank of America Taps Duke Energy To Expand Renewable Energy Commitment
Bank of America announced today it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte operations with solar energy. Through a renewable energy sleeved-power purchase agreement (PPA), the company is participating in Duke Energy’s Green Source Advantage (GSA) program. The bank is the first company and financial…
Duke Energy Rolls out ‘Hire North Carolina’ Program for Major Construction Projects
In an effort to promote economic development and support North Carolina communities, Duke Energy is implementing the new program – “Hire North Carolina” – to maximize the use of locally owned and diverse contractors for utility projects in the state. “We want to continue to support job creation and investment with suppliers, vendors and contractors…
Deloitte Study: Navigating the Energy Transition from Disruption to Growth
Energy and industrial companies expected to remain committed to energy transition despite COVID-19 Key takeaways: Despite current economic challenges, energy and industrial leaders are expected to remain committed to their long-term plans to reduce fossil fuel reliance. Eighty-nine percent of executives surveyed across energy and industrial sectors reported already having or developing a strategy to reduce…
Duke Energy Linemen to Compete at International Competition
Seventy-seven Duke Energy linemen from North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky will compete in the International Lineman’s Rodeo on Oct. 19 in Bonner Springs, Kan. Now in its 35th year, the rodeo attracts the best linemen from around the world. Participants travel from as far away as Australia. More than 320 individual competitors and nearly 250 teams will vie for top honors. Events test job-related skills such…
Anderson County, S.C., Duke Energy Carolinas Partners on Battery Storage Project
Duke Energy Carolinas is partnering with Anderson County, S.C., to build an energy storage project at the Anderson Civic Center that will be part of the company’s long-term strategy to integrate battery technology into the smart-thinking grid it is building in the Carolinas. The battery project will also provide power to a facility that is critical…
Supreme Court Agrees to Hear Case Regarding Critically Needed Atlantic Coast Pipeline
The Atlantic Coast Pipeline is a critical infrastructure project jointly developed by Dominion Energy, Duke Energy and Southern Company that would bring much-needed natural gas supplies to the Southeast, as well as economic growth in rural areas of the region. Late last year, the U.S. Court of Appeals for the Fourth Circuit vacated the U.S….
