Duke Energy Renewables is expanding its solar energy portfolio by acquiring the 200MW/266MWh Rambler solar project from Recurrent Energy.
The project will be located in Tom Green County, Texas and is expected to achieve commercial operation in mid-2020.
The energy generated from the Rambler solar project will be sold to a customer under a 15-year agreement.
The project will utilise more than 733,000 of Canadian Solar’s high-efficiency bifacial BiKu modules across approximately 1,700 acres west of San Angelo, Texas.
Rambler will power the equivalent of 40,000 homes, and Duke Energy Renewables will provide long-term operations and maintenance services to the project.
“We’re pleased to continue our expansion of solar energy resources in Texas, which is seeing increasing demand for power,” said Rob Caldwell, president of Duke Energy Renewables. “In addition to generating clean energy, this project will also bring significant economic benefits to the state.”
The project is expected to employ 400 workers at peak construction.
“With over one gigawatt of contracted projects in ERCOT’s service territory, we are proud that Recurrent Energy continues to lead solar energy development in Texas, one of the fastest-growing US states for the solar industry,” said Shawn Qu, chairman and CEO of Canadian Solar. “It has been our pleasure to rekindle our long relationship with Duke Energy Renewables’ talented team through this strategic transaction.”
The Rambler solar project is the fifth acquisition by Duke Energy Renewables in 2019, and the company’s fourth solar generation facility in Texas. The Rambler solar project also represents one of seven large-scale projects in Recurrent Energy’s development portfolio within the state.
Canadian Solar expects to recognize the majority of the revenue from the sale of the project in the third quarter of 2019.
Since 2010, Duke Energy and Recurrent Energy have now partnered on six solar projects, including four equity transactions.