2022-06-10 | NYSE: DUKE | Press release

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  • The facility is the first of 10 solar sites that are part of the company’s new community solar program.
  • Eligible registered customers will see guaranteed savings on their program costs each month.

ST. PETERSBURG, Florida., June 10, 2022 /PRNewswire/ — Duke Energy today announced the completion of its first community solar site in Hardee County, Florida.in its desire to make more solar energy available to all customers of Florida.

The Fort Green Renewable Energy Center is the first of 10 solar sites, totaling 750 megawatts (MW), that are part of the company’s new community solar program, Clean Energy Connection.

Through this program, Duke Energy Florida customers can subscribe to solar power and earn credits on their utility bills without having to install or maintain their own equipment.

“Bringing cleaner resources to the grid is important to our customers and our business,” said Florida State President of Duke Energy. Melissa Seixas. “By joining the Clean Energy Connection program and supporting solar sites like this, our customers are joining a community that helps drive Florida to a cleaner energy future.”

The 74.9 MW facility was built on approximately 500 acres of reclaimed mining land in Hardee County, Florida. The project consists of nearly 265,000 solar panels, using a fixed-tilt racking system that will produce enough carbon-free energy to efficiently power more than 23,000 average-sized homes at peak production.

Clean Energy Connection’s second site, Bay Trail Renewable Energy Center in citrus countyis expected to begin supporting Clean Energy Connection subscriptions later this summer.

Launched in April 2022, the Clean Energy Connection program allows customers to subscribe to blocks of kilowatts (kW) of solar power from the company’s Clean Energy Connection solar portfolio. Monthly subscription fees will help pay for the cost of building and operating solar power plants and are conveniently added to a customer’s regular electricity bill.

The monthly fee is set at $8.35 per kW. A customer with an average consumption of 1,000 kWh/month could subscribe to approximately 5 kW to cover all of his consumption. Subscribers receive bill credits based on the size of their subscription and the amount of solar power produced by Clean Energy Connection solar installations each month.

The bill credit rate for the first 36 months of participation in the program will be 4 cents per kWh (kilowatt hour), then beginning in the 37th month of continuous enrollment, the bill credit rate increases by 1.5% each year. This bill credit amount varies each month depending on the actual solar energy produced, where it may be higher during months with more direct sunlight.

The program reserves 26 MW for income-eligible customers who participate in government subsidy programs or Duke Energy’s low-income energy efficiency program, Neighborhood Energy Saver.

For income-eligible customers, the monthly plan $9.03 credit per kW subscribed will always be higher than the monthly plan $8.35 subscription fee per kW subscribed.

Because bill credits are greater than subscription fees, income-eligible customers will continue to save each month as long as they subscribe to the program.

The average contract amount for revenue-eligible customers (5 kW) is approximately $42/year savings on the bill.

Subscriptions are associated with all solar power plants in the program. Customers do not need to live near a facility to enroll, as the program brings new solar generation to the wider grid, reducing Duke Energy’s electric utility emissions profile in all regions. communities.

Customers interested in the program can find out more via the Clean Energy Connection website.

Video of the Fort Green Renewable Energy Center, from a drone.

Video of the Bay Trail Renewable Energy Center, from the end.

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, has 10,300 megawatts of power capacity, supplying electricity to 1.9 million residential, commercial and industrial customers over a 13,000 square mile service area in Florida.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the United States. Its electric utilities serve 8.2 million customers in North Carolina, Caroline from the south, Florida, Indiana, Ohio and Kentucky, and collectively possess 50,000 megawatts of power capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to meet its goals of net methane emissions from its natural gas business and at least 50% carbon reduction from power generation by 2030 and net emissions carbon emissions by 2050. Zero goals also include Scope 2 emissions and some Scope 3 emissions. zero-emission power generation such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2022 “World’s Most Admired Companies” list and Forbes’ “America’s Top Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains press releases, fact sheets, photos and videos. Duke Energy lighting features stories about people, innovations, community issues and environmental issues. Follow Duke Energy on Twitter, LinkedIn, instagram and Facebook.

Media contact: Audrey Stasko

Cell: 315.877.3031

Media line: 800.559.3853

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