DUKE ENERGY CORP 
By CHARLOTTE, N.C. -
Projects Cut Carbon Emissions, Deliver 80-90% of District's Electricity Needs
Duke Energy Renewables, Integrys Energy Services and Smart Energy Capital today announced the completion of two ground-mounted photovoltaic (PV) systems for the Central Regional School District in Bayville, N.J.
The PV solar arrays at Central Regional Middle School and Central Regional High School can collectively produce approximately 1.5 megawatts (direct current) of zero-emission electricity.
"We expect the system will meet 80 to 90 percent of the district's total electric needs each year," said School Administrator Kevin O'Shea. "At the same time, the district is reducing carbon emissions while educating its students on the environment.
"The district estimates it will avoid the release of approximately 19 million pounds of carbon dioxide in the first year of operation," he added. "Kiosks in each school will enable students, parents and community members to track the savings and energy produced by the system."
The school district is purchasing all of the output from its respective PV systems at a fixed rate under the terms of a 20-year power purchase agreement with a project company owned by INDU Solar Holdings. INDU is a 50-50 joint venture between Duke Energy Renewables and Integrys Energy Services.
These PV solar projects are examples of the development model announced by the INDU partners and Smart Energy Capital in At that time, the companies committed to jointly pursue the development of rooftop and smaller ground-mounted solar projects for customers throughout the United States.
The model provides customers certainty of financing and a faster, more efficient transaction.
The partners continue to pursue several other PV projects in various stages of development across the United States.
Smart Energy Capital, together with its strategic partner, the Dobco Group, developed the PV projects for the school district, which included arranging the sale of Solar Renewable Energy Certificates. INDU financed all of the construction costs for the projects.
About INDU and Smart Energy Capital
INDU Solar Holdings is a strategic financing program formed
by Integrys Energy Services, a wholly-owned subsidiary of
Integrys Energy Group, Inc., and Duke Energy Renewables, a
wholly-owned subsidiary of Duke Energy Corp., to develop,
construct, finance, own and operate solar photovoltaic
projects that are originated and developed by Smart Energy
Capital on behalf of commercial, school, government and
utility customers throughout the United States. The
partnership is unique in that it provides 100 percent of
the financing for project construction and incorporates all
federal tax benefits in a single structure, thereby
eliminating the need for separate construction financing or
tax equity structures for individual projects.
About Duke Energy Renewables
Duke Energy Renewables, part of Duke Energy's Commercial
Businesses, is a leader in developing innovative wind and
solar energy solutions for customers throughout the United
States. The company's growing portfolio of commercial
renewable assets includes 10 wind farms and 11 solar farms
in operation in eight states, totaling approximately 1,000
megawatts in electric-generating capacity. Learn more at .
Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: .
About Integrys Energy Services, Inc.
Established in 1994, Integrys Energy Services, Inc.
provides competitive energy supply solutions, structured
products, and strategies that allow retail residential,
commercial, and industrial customers to manage their energy
needs. Its principal energy marketing operations are in the
northeastern quadrant of the United States. Through its
subsidiary, Integrys Energy Services - Natural Gas LLC,
Integrys offers natural gas products to a full range of
end-users throughout the Midwest. Areas of generation
expertise include cogeneration, distributed generation,
renewables such as solar and landfill gas, as well as clean
fuel generation, with facilities in selected markets
throughout the United States. More information about
Integrys Energy Services is available online at . Integrys
Energy Services is a subsidiary of Integrys Energy Group
(NYSE: TEG), a Fortune® 500 company with a 150-year
heritage. More information about Integrys Energy Group,
Inc. is available online at .
About Smart Energy Capital
) is a leader in the financing and development of
solar energy projects. The principals of Smart Energy have
a deep background and successful track record in
structuring and arranging innovative financing solutions
and developing renewable energy projects. They have managed
a portfolio of over 300 megawatts of solar projects and
raised in excess of $200 billion of innovative financings.
MEDIA CONTACTS:
Duke Energy - Dave Scanzoni
704-382-2543 / 24-Hour 800-559-3853
Integrys Energy Services - Joel Jansen
920-617-6029
Smart Energy Capital - Steven Burkhart
503-475-0303
| distribué par | Ce noodl a été diffusé par Duke Energy Corporation et initialement mise en ligne sur le site http://www.duke-energy.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-18 18:04:46 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
