DUKE ENERGY CORPORATION

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Delayed Nyse  -  04:03 2022-08-05 pm EDT
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Duke Energy Completes Florida Community Solar Site

06/10/2022 | 01:22pm EDT

By Michael Dabaie


Duke Energy said it has completed a community solar site in Hardee County, Fla.

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

Duke launched the program in April, inviting residential, small and medium business and income-qualified customers in Florida to register to subscribe to the new community solar program.

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

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

Duke said it expects the second Clean Energy Connection site, Bay Trail Renewable Energy Center in Citrus County, to begin supporting subscriptions later this summer.

Duke Energy Florida said in May that the first utility-scale solar power plant in Bay County was operational and delivering power to the electric grid.


Write to Michael Dabaie at michael.dabaie@wsj.com


(END) Dow Jones Newswires

06-10-22 1321ET

Stocks mentioned in the article
ChangeLast1st jan.
DUKE ENERGY CORPORATION -0.52% 109.16 Delayed Quote.4.06%
WTI 0.57% 88.53 Delayed Quote.16.80%
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Financials (USD)
Sales 2022 26 544 M - -
Net income 2022 4 127 M - -
Net Debt 2022 68 952 M - -
P/E ratio 2022 20,3x
Yield 2022 3,65%
Capitalization 84 050 M 84 050 M -
EV / Sales 2022 5,76x
EV / Sales 2023 5,79x
Nbr of Employees 27 605
Free-Float 95,0%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 109,16 $
Average target price 113,12 $
Spread / Average Target 3,63%
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Managers and Directors
Lynn J. Good Chairman, President & Chief Executive Officer
Steven K. Young Chief Financial Officer & Executive Vice President
Bonnie Titone Chief Information Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Melissa Feldmeier Chief Ethics & Compliance Officer, Vice President
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