July 09, 2018
Duke Energy Renewables Completes Acquisition of Shoreham Solar Commons Project from Invenergy
24.9-megawatt site in New York is on line, providing clean energy to Long Island
Facility is one of largest solar projects in the state
CHICAGO (July 9, 2018) – Duke Energy Renewables today announced it has completed the acquisition of the 24.9-megawatt Shoreham Solar Commons project on Long Island from Invenergy, North America’s largest, privately held renewable energy company.
Shoreham Solar Commons is located in Brookhaven, New York, about 60 miles east of Manhattan, on the site of the former Tallgrass Golf Course.
It was placed into service July 1, and the Long Island Power Authority (LIPA) is purchasing the power under a 20-year agreement.
“As we continue to provide affordable, renewable energy to customers across the United States, we are especially pleased our first renewables project in New York helps meet the sustainability goals and energy needs of LIPA’s customers and offers economic benefits to the local community,” said Rob Caldwell, president, Duke Energy Renewables and Distributed Energy Technology.
The project is expected to generate between $700,000 and $900,000 in annual tax revenue. The energy produced is estimated to displace 29,000 tons of greenhouse gas emissions annually and create nearly 1 million megawatt-hours of clean, renewable energy over its lifetime.
“Repurposing the former Tallgrass Golf Course into a solar site eliminates the use of pesticides and fertilizers on the property, protecting Long Island’s fresh water aquifer,” said Invenergy’s EVP and Chief Development Officer Bryan Schueler. “We also planted 2,000 trees on the site, providing further environmental benefits in addition to the generation of renewable energy.”
Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas and Europe. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe.
Invenergy and its affiliated companies have developed more than 19,900 megawatts of projects that are in operation, construction or contracted, including wind, solar, natural gas-fueled power generation and energy storage projects. For more information, please visit www.invenergyllc.com.
About Duke Energy Renewables
Duke Energy Renewables primarily acquires, develops, builds and operates wind and solar renewable generation throughout the continental U.S. The portfolio includes nonregulated renewable energy and energy storage assets.
Duke Energy Renewables’ renewable energy includes utility-scale wind and solar generation assets which total 2,900 MW across 14 states from 20 commercial wind and 63 solar projects. The power produced from renewable generation is primarily sold through long-term contracts to utilities, electric cooperatives, municipalities and commercial and industrial customers. Learn more at https://www.duke-energy.com/renewable
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Mary Ryan, Senior Manager, Communications
Contact Duke Energy:
Tammie McGee, Corporate Media Relations