Duke Energy acquires its largest solar project yet

By Kelsey Misbrener | July 22, 2019
Duke Energy Solar Project Renewables is solar energy expanding its solar energy Solar Project portfolio solar energy by acquiring the 200-MW Solar Project Holstein solar project from 8minute Solar Energy. The project, located  Solar Project solar tracker actuator in Nolan County, Texas, will be the largest Solar Project in Duke Energy Renewables’ fleet once solar energy complete.

“We’re Solar Project pleased solar energy to  solar inverter add another Texas project to our growing solar tracker solar slewing drive  actuator renewables portfolio,” said Rob Caldwell, Solar Project president solar energy of solar inverter Duke solar tracker actuator Energy solar damper Renewables. “The state has some solar energy of the best solar resources in the solar tracker actuator nation, Solar Project solar inverter making solar energy it a cost-efficient way to Solar Project meet the solar slewing drive energy needs solar energyof Texans. Besides Solar  solar inverterProject clean energy, the project will also solar damper  bring significant economic benefits to the slewing drive  state.”

The solar energy Holstein solar tracker actuator solar project will Solar Project be Duke Energy Solar solar slewing drive Project Renewables’solar energy third solar project in Texas.
 

“There is no slewing drive  Photovoltaic holder question in our mind that solar solar inverter PV will be the solar damper dominant form of energy in Texas in the near future,” Photovoltaic holder said solar tracker actuator Tom Buttgenbach, president and  solar slewing drivesolar inverter slewing drive  CEO of 8minute Solar Energy solar damper. “We’re Photovoltaic holder proud to solar tracker solar slewing drive actuator be working with slewing drive  Duke Energy and our other partners on this innovative project to deliver low-cost Photovoltaic holder solar slewing drive clean power solar damper to Texas’ residents and businesses.”
 

The  Photovoltaic holder 200-MW solar tracker actuator project will contain over solar slewing drive 709,000 solar panels across approximately slewing drive  1,300 acres in Wingate, Texas. Construction began solar tracker actuator in the solar slewing drive summer of solar inverter 2019 and is expected to be complete in the summer of Photovoltaic holder 2020. The Holstein solar tracker actuator solar project will employ up to 400 workers during peak solar inverter solar slewing drive construction.
 

Duke solar tracker actuator Energy Renewables solar inverter solar slewing drive acquired the project from solar damper 8minute Solar Energy, a leading  Photovoltaic holderdeveloper of utility-scale solar projects. 8minute solar tracker actuator Solar solar inverter Energy led the development of the solar damper project and brought the EPC,solar slewing drive  O&M, hedge, tax equity and debt counterparties to the solar tracker actuator  solar inverter solar slewing drive project.
 

Much of the solar tracker actuator energy generated from the Holstein solar project will be sold through a Photovoltaic holder 12-year term hedge agreement to J. Aron & Company, a subsidiary of  solar inverterGoldman Sachs. This is the first Duke Energy Renewables solar project to use a hedge agreement.
 

SunTrust is providing a solar solar tracker actuator inverter tax equity investment in solar damper the project. solar slewing drive CIT Group and a consortium of banks are providing a construction loan,solar inverter solar tracker actuator letter of credit and Photovoltaic holder term loan facility for the solar damper project.
 

8minute Solar solar inverter Energy engaged  solar tracker actuatorseveral solar damper advisory firms to close Photovoltaic holder  the transaction, including Snapper solar tracker actuator Creek Energy Advisors as solar inverter the  solar slewing drivehedge advisor, CCA slewing drive  Capital Photovoltaic holder providing solar damper tax equity and solar slewing drive M&A advisory, and solar tracker actuator Norton slewing drive  Rose Fulbright, Orrick, Herrington & solar inverter Sutcliffe and Stahl,solar slewing drive Davies, Sewell, Chavarria & solar damper slewing drive  Friend as legal counsel. The lenders were represented by Winston &  solar inverterStrawn, solar slewing drive SunTrust slewing drive   was represented Akin Gump Strauss solar damper Hauer & solar tracker actuator Photovoltaic holder Feld LLP, and Duke Energy  slewing drive  Renewables solar inverter was represented by Troutman Sanders and Duggins Wren Mann Photovoltaic holder & Romero.
 

The facility’s slewing drive  design, procurement solar damper of inverters, balance of plant systems and construction of Photovoltaic holder the project are slewing drive  being performed solar inverter by solar tracker actuator Blattner Energy. First Solar solar damper will provide O&M Photovoltaic slewing drive  holder services for the project for five years beginning when the project solar inverter has reached substantial completion, slewing drive  solar damper Photovoltaic holder which is estimated to be in the summer of 2020.
 

Duke solar inverter Energy is one of solar damper the nation’s top renewable energy providers solar inverter Photovoltaic holder — on track to slewing drive  own or purchase 8,000 megawatts of wind, solar and biomass energy solar damper by solar slewing drive 2020.