Duke Energy has begun construction of the 22.6 MW Speedway Solar power plant in Cabarrus County, North Carolina.
The power plant will be approximately 77,000 Jinko bifacial modules with single-axis tracking and located on 185 acres in Midland – near the corner of Wallace Road and Bethel Avenue Extension. The facility will power the equivalent of 5,000 homes and is targeted for commercial operation by the end of 2021.
“Duke Energy is committed to expanding renewable energy, reducing carbon emissions and achieving a net zero carbon target for 2050,” said Stephen De May, Duke Energy’s president, North Carolina. “An expansion of solar energy will be an important part of that effort.”
Speedway Solar will be owned and operated by Duke Energy Sustainable Solutions, a new commercial brand that includes Duke Energy Renewables. The project was given green light as part of the competitive bidding process instituted by North Carolina’s historic 2017 solar energy law.
Under North Carolina’s competitive renewable energy procurement, proposed projects must be built where there is a need for energy capacity on the Duke Energy system in North Carolina or South Carolina. The bids can be from any company, including Duke Energy, and can be in the form of electricity purchase agreements, proprietary utility services, or utility acquisitions.
“We are happy that we can add more clean energy sources to the state. This facility will not only meet the growing clean energy needs of our communities, but will also deliver significant economic benefits to Cabarrus County, ”said Chris Fallon, president of Duke Energy Sustainable Solutions.
During peak construction, Speedway Solar will employ approximately 70 employees. In addition to indirect economic benefits accompanying the development of solar projects such as increased local expenditures in the service and construction industries, Speedway Solar will also have an economic impact on the local community by also providing local tax revenues to the county and local school districts. as payments to participating landowners.
Duke Energy Sustainable Solutions also supports the communities where the facilities and team members are located through the efforts of the Duke Energy Foundation, which has awarded a $ 5,000 grant to the Cabarrus County Education Foundation to increase internet connectivity for students in Midland and Mt. Pleasant.
The facility design, inverter procurement, installation system balance and project construction will be carried out by Swinerton. The solar energy generated by Speedway Solar is supplied through a 20-year power purchase agreement.
News item from Duke Energy