(Bloomberg) — Duke Energy Corp., the largest U.S. utility
owner by market value, bought the 20-megawatt Halifax solar
project in North Carolina from Geenex and ET Solar Energy Corp.
The solar farm in Roanoke Rapids, built on the site of a
decommissioned airport, began generating electricity this month,
Charlotte, North Carolina-based Duke said today in a statement.
Terms weren’t disclosed.
Dominion Resources Inc.’s North Carolina Power unit agreed
to buy electricity from the solar plant under a 15-year
contract. The facility will power about 3,500 homes.
Duke received approval last week to build three other solar
farms in eastern North Carolina as part of a $500 million
expansion plan.
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Justin Doom in New York at
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Reed Landberg at
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Will Wade, Steven Frank