Duke Energy Renewables Acquires Seville Solar Projects in Southern California Totaling 50 MW

Duke Energy Renewables today announced it has acquired the 20-megawatt (MW-AC) Seville I and 30-MW Seville II Solar Power Projects in California from Kruger Energy. New Duke Energy logo The projects are located in Imperial County about 10 miles west of the Salton Sea. With this addition, Duke Energy Renewables has six solar power projects in California totaling more than 100 megawatts, enough to power about 23,000 average homes. "The Seville projects are a sizeable addition to our California solar portfolio; they will almost double our solar capacity in the state," said Greg Wolf, president, Commercial Portfolio, Duke Energy. "We're pleased to be adding quality projects that will bring economic development to Imperial County and contribute to California's leadership in renewable energy growth." The energy generated from Seville I and associated renewable energy credits (RECs) will be sold to San Diego Gas & Electric through a 20-year agreement. Imperial Irrigation District will purchase the power and related RECs from Seville II under a 25-year agreement. Kruger Energy will oversee the construction of the projects, which is underway. The facilities are expected to be in service by year end. Duke Energy Renewables currently has four operating projects in California: Project name Location Size (AC) Customer Sunset Reservoir San Francisco 5 MW San Francisco Public Utilities Commission Highlander Twentynine Palms 21 MW Southern California Edison Pumpjack Kern County 20 MW Southern California Edison Wildwood Kern County 20 MW Southern California Edison About Duke Energy Renewables Duke Energy Renewables, part of Duke Energy's Commercial Portfolio, is a leader in developing innovative wind and solar energy generation projects for customers throughout the United States. The company's growing portfolio of commercial renewable assets includes 16 wind farms and 27 solar farms in operation in 12 states, totaling more than 2 gigawatts in electric-generating capacity. Learn more at www.duke-energy.com/renewables. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at www.duke-energy.com. Follow Duke Energy on Twitter, LinkedIn and Facebook. Contact: Tammie McGee, Duke Energy Office: 980.373.8812; 24-Hour: 800.559.3853 Logo - http://photos.prnewswire.com/prnh/20130322/CL81938LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/duke-energy-renewables-acquires-seville-solar-projects-in-southern-california-totaling-50-mw-300119660.html SOURCE Duke Energy