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Duke Energy Aims to Double Renewable Energy Over Next 5 Years

image credit: Duke Energy

Duke Energy will double its renewable energy portfolio over the next five years, the company announced in its latest Sustainability Report.

Nationwide, the company owns, operates and contracts for just over 8,000 megawatts of wind, solar and biomass energy - about 14% of its overall generation capacity. That’s enough to power more than a million homes. The company is looking to double that to 16,000 MW by 2025.

“Growing our renewable portfolio by 8,000 megawatts in five years will not be easy. But our regulated and commercial teams are laser-focused on making it happen," said Rob Caldwell, president of Duke Energy Renewables.

In North Carolina, Duke Energy owns and operates 40 solar facilities in the state, with more on the drawing board. The company has helped North Carolina become the No. 2 solar state in the nation - only behind California.

The company owns and operates wind and solar facilities in 20 states across the nation.

With the addition of its fleet of nuclear and hydroelectric plants, half of the company’s generation in North Carolina is greenhouse-gas free.

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Matt Chester's picture
Matt Chester on May 7, 2020 9:44 pm GMT

Love seeing an ambitious target that's not 20-30 years in the future. By focusing on 5 years from now, Duke is allowing itself to remain accountable and showing it intends to deliver on these goals and soon. Bravo

Joe Deely's picture
Joe Deely on May 8, 2020 5:00 pm GMT

Duke needs to retire a LOT more coal.  6% of total US coal generation last year came from Duke plants.

Start by closing the remaining coal units at Crystal River - replace them with solar.

Bob Nikon's picture
Bob Nikon on May 13, 2020 1:32 am GMT

Nothing can replace the energy from coal, Joe and definitely not solar along with all known renewables. If you would expect them to save the energy bills I would agree with you but not to say replace. That will never happen because all of them just simply can not render the energy to serve our instantaneous or unpredictable needs.

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