Duke Energy Renewables is expanding its solar energy portfolio with the acquisition of a 200-megawatt Rambler solar project from Recurrent Energy, a subsidiary of Canadian Solar.
A purchase price was not disclosed.
The project will be located in Tom Green County, Texas, and is expected to achieve commercial operation in mid-2020.
Duke Energy Renewables will provide long-term operations and maintenance services to the project. The Rambler project is Duke Energy’s fifth acquisition this year and its fourth solar generation facility in Texas. It comes on the heels of the company’s purchases of the 150-megawatt North Rosamond solar project in Kern County, Calif., and the 100-megawatt Lapetus Solar Energy Project in Andrews County, Texas.
It also marks one of seven large-scale projects in Recurrent Energy's development portfolio within the state. With the purchase, Duke Energy and Recurrent Energy will have partnered on six solar projects, including four equity transactions.
According to the companies, Texas is seeing increasing demand for power, as one of the fastest-growing U.S. states for the solar industry.
The energy generated from the Rambler solar project will be sold to a customer under a 15-year agreement and is expected to power the equivalent of 40,000 homes.
