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Duke Energy buys first solar project in New York

Aug. 14, 2017 2:48 PM ETDuke Energy Corporation (DUK) StockBy: Carl Surran, SA News Editor3 Comments
  • Duke Energy (NYSE:DUK +0.3%) agrees to acquire the 24.9 MW Shoreham Solar Commons project on Long Island, one of New York's largest solar projects, from Invenergy; financial terms are not disclosed.
  • The Long Island Power Authority will purchase power produced at the plant under a 20-year agreement, valued at $177M by the New York State Comptroller’s office.
  • The project, currently under construction by Invenergy - North America's largest independent wind power generation company - is expected to be complete in Q2 2018.

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