Duke nets major investment in solar power in effort to curb carbon emissions

By District Energy posted 08-26-2020 09:06

  

Triangle Business Journal

Summary

Duke University is continuing its effort to become carbon neutral by 2024 by signing into a partnership with an Asheville-based solar developer for increased capacity at three new solar facilities planned for the state.

On Monday, Duke announced it has partnered with Pine Gate Renewables to build three new solar farms that are expected to be online by 2022 as part of Duke Energy’s Green Source Advantage program.

The university will buy 101 megawatts of solar capacity, which combined with other planned efforts, will result in a 69 percent reduction in carbon emissions by 2022 and a 73 percent reduction by 2024 compared to its 2007 baseline.

 “This partnership is a key step toward carbon neutrality,” said Duke University President Vincent Price in a statement. “Duke is committed to building on our history of leadership in protecting the environment, a vitally important priority for our university -- and for humanity -- as we grapple with the challenges of climate change.”

In total, Duke's partnership with Pine Gate is expected to generate 235,000-240,000 megawatt-hours of energy each year – about 50 percent of Duke’s annual electricity needs.

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