Duke Energy acquires Shoreham Solar Commons project

11 July 2018 (Last Updated July 27th, 2018 15:24)

Duke Energy Renewables has completed the acquisition of the Shoreham Solar Commons project on Long Island, bought from renewable energy company Invenergy for an undisclosed price.

Duke Energy acquires Shoreham Solar Commons project
The energy produced from Shoreham Solar Commons project is expected to displace 29,000t of greenhouse gas emissions a year. Credit: © Duke Energy Corporation.

Duke Energy Renewables has completed the acquisition of the Shoreham Solar Commons project on Long Island, bought from renewable energy company Invenergy for an undisclosed price.

Located in Brookhaven, New York, the 24.9MW Shoreham Solar Commons project provides clean energy to Long Island.

The solar project became operational on 1 July. with the Long Island Power Authority (LIPA) purchasing the power under an agreement signed for a 20 year period.

“The project is expected to annually displace 29,000t of greenhouse gas emissions and create nearly one million megawatt-hours of clean, renewable energy.”

Duke Energy Renewables and Distributed Energy Technology president Rob Caldwell said: “As we continue to provide affordable, renewable energy to customers across the US, we are especially pleased our first renewables project in New York helps meet the sustainability goals and energy needs of LIPA’s customers and offers economic benefits to the local community.”

The Shoreham Solar Commons project is expected to generate tax revenue between $700,000 and $900,000 a year.

The energy produced from the project is expected to annually displace 29,000t of greenhouse gas emissions and create nearly one million megawatt-hours of clean, renewable energy over its lifetime.

Duke Energy Renewables is part of Duke Energy’s commercial renewables business and focuses on acquisition, development, construction and operations of wind and solar electric generation facilities across the US.

Invenergy executive vice-president and chief development officer Bryan Schueler said: “Repurposing the former Tallgrass Golf Course into a solar site eliminates the use of pesticides and fertilisers on the property, protecting Long Island’s freshwater aquifer.

“We also planted 2,000 trees on the site, providing further environmental benefits in addition to the generation of renewable energy.”