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Duke acquires two Arizona solar projects

12 Dec 2011

US power company Duke Energy has acquired two solar farms in Arizona with a combined capacity of 20MW from Recurrent Energy, for an undisclosed sum.

The 5MW Ajo Solar Project and the 10MW Bagdad Solar Project are supported by 25-year power purchase agreements with state utility the Arizona Public Services Company. The Ajo development was commissioned in September with the Bagdad facility expected to be operational by the end of the year.

Greg Wolf, president of Duke Energy Renewables, said, ‘This acquisition puts Duke Energy in a position to help Arizona’s largest and longest-serving energy service provider deliver even more affordable, zero-emission renewable power to its customers. For Duke Energy, this landmark deal doubles our portfolio of commercial solar projects in operation and instantly expands our footprint to the western US.’

Arno Harris, CEO of Recurrent Energy, added, ‘These projects represent an important step in realising our mission to establish solar as a mainstream source of electricity. We’re thrilled to have a partner of Duke Energy’s caliber step into the ownership role for these innovative solar projects.’

Last month, Duke acquired three photovoltaic (PV) projects in North Carolina.

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