- Toyota North America has
signed a 15-year purchase agreement for the solar energy produced
by the project
CHARLOTTE, N.C., Nov. 21,
2022 /PRNewswire/ -- Duke Energy Sustainable
Solutions is expanding its solar energy portfolio by acquiring the
100-megawatt (MW) Wildflower Solar project from Clearway Energy
Group. The solar project will generate enough energy to power
approximately 21,000 homes.
Duke Energy Sustainable Solutions* is a non-regulated commercial
brand of Duke Energy (NYSE: DUK).
The site, which is expected to begin full construction in late
2022 and achieve commercial operation in late 2023, is located in
Desoto County, MS. It will be the
first Mississippi based renewable
energy project for Duke Energy Sustainable Solutions.
Toyota North America has signed
a 15-year virtual power purchase agreement for up to 80 MWs of the
solar energy produced by the project. The agreement will
financially settle on an as-generated basis tied to the project's
real-time energy output.
Wildflower Solar, which is located in proximity to Toyota's
manufacturing facility in Mississippi, will help the automotive
manufacturer replace the high emission electricity used in its
operations with zero emissions renewable electricity on the grid.
The move represents another major step towards Toyota's goal of
achieving carbon neutrality in its operations by 2035.
"We're excited to continue to expand our commercial solar
portfolio and enter into the Mississippi market, which will build upon the
area's clean energy resources," said Chris
Fallon, president of Duke Energy Sustainable Solutions.
"Once complete, Wildflower Solar will further diversify
infrastructure, while also reducing Toyota's emissions from its
North American operations."
"Our collective future depends on clean mobility, clean air,
clean water and biodiversity," said Kevin
Butt, director of sustainability for Toyota Motor North
America. "Renewable energy sources, like solar, are a key to
achieving our goal of carbon neutrality and our purchase from
Wildflower alone has the potential to reduce Toyota's carbon
footprint in North America by as
much as 8 percent."
Duke Energy Sustainable Solutions will own and operate the
project, which is expected to employ 300 at peak construction.
Along with indirect economic benefits that accompany solar project
development, such as increased local spending in the service and
construction industries, the Wildflower Solar facility will also
have a positive economic impact on the local community by providing
significant tax revenues for the Mississippi public schools.
As one of the nation's top renewable energy providers, Duke
Energy has more than 10,500 MW of solar and wind energy.
About Duke Energy Sustainable Solutions
Duke Energy Sustainable Solutions is a leader in
sustainable energy, helping large enterprises reduce power costs,
lower emissions and increase resiliency. The team provides wind,
solar, resilient backup power and managed energy services to over
1,000 projects across the U.S., with a total electric capacity of
more than 5,100 megawatts of nonregulated renewable energy.
Duke Energy Sustainable Solutions is a nonregulated commercial
brand of Duke Energy (NYSE: DUK), a Fortune 150 company and one of
the largest energy holding companies in the U.S., headquartered in
The brand includes the following subsidiaries of Duke Energy
Corporation that are registered to transact business in various
states and may be branded as Duke Energy Sustainable Solutions for
marketing purposes: Duke Energy One, Inc.; Duke Energy Commercial
Enterprises, Inc.; Duke Energy Renewables, Inc.; Duke Energy
Renewables Commercial, LLC; Duke Energy Renewable Services, LLC.;
Duke Energy Renewables Storage, LLC; Duke Energy Renewables Wind,
LLC.; Duke Energy Renewables Solar, LLC.; and REC Solar Commercial
About Clearway Energy Group
Clearway Energy Group is leading the transition to a world
powered by clean energy. Along with our public affiliate Clearway
Energy, Inc., we own and operate more than 8 gigawatts of renewable
and conventional energy assets across the country. As we develop a
nationwide pipeline of new renewable energy projects for one
future, Clearway's 5.7 gigawatts of wind, solar and energy storage
assets offset the equivalent of more than 10.5 million metric tons
of carbon emissions for our customers today. Clearway Energy Group
is headquartered in San Francisco
with offices in Carlsbad,
Arizona; Houston; and
Princeton, N.J. For more
information, visit clearwayenergygroup.com
Toyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel
cell vehicle, is committed to building vehicles for the way people
live through our Toyota and Lexus brands. Over the past 60 years,
we've built more than 40 million cars and trucks in North America, where we have 14 manufacturing
plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ
more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North
American dealerships (nearly 1,500 in the U.S.) sold more than 2.4
million cars and trucks (more than 2.1 million in the U.S.) in
Cautionary Language Concerning Forward-Looking
Statements This document includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements are based on management's beliefs and
assumptions. These forward-looking statements are identified by
terms and phrases such as "anticipate," "believe," "intend,"
"estimate," "expect," "continue," "should," "could," "may," "plan,"
"project," "predict," "will," "potential," "forecast," "target,"
"outlook," "guidance," and similar expressions. Various factors may
cause actual results to be materially different than the suggested
outcomes within forward-looking statements; accordingly, there is
no assurance that such results will be realized. These risks
and uncertainties are identified and discussed in Duke Energy's
most recent Annual Report on Form 10-K and subsequent quarterly
reports on Form 10-Q filed with the
Securities and Exchange Commission ("SEC") and available at the
SEC's website at www.sec.gov. In light of these risks,
uncertainties and assumptions, the events described in the
forward-looking statements might not occur or might occur to a
different extent or at a different time than Duke Energy has
described. Duke Energy expressly disclaims an obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Contact: Valerie Patterson
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SOURCE Duke Energy