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July 11, 2018updated 27 Jul 2018 3:24pm

Duke Energy acquires Shoreham Solar Commons project

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

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In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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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.”

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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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