Duke Energy Renewables, Lockheed Martin Sign PPA

Duke-Energy-logoDuke Energy Renewables and security and aerospace firm Lockheed Martin have signed a 17-year power purchase agreement (PPA) for solar generated electricity. The PPA will produce 30 MW – about 72,000 mWh – annually. The electricity will be used across Lockheed Martin’s entire domestic business segments, according to the press release.

The solar power will be generated at Duke’s new facility in Conetoe, NC, which the company says is the largest facility of its kind east of the Mississippi River. Duke Energy Renewables’ portfolio includes 18 wind farms and 35 solar farms in 12 states. In total, the properties generate about 2,500 MW.

Last week, Wells Fargo & Company and 8point3 Energy Partners said that their joint venture has acquired solar power systems under construction for the Kern High School District in California. The JV will sell electricity to the district under a PPA.

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