{"id":17166,"date":"2019-09-12T09:16:45","date_gmt":"2019-09-12T13:16:45","guid":{"rendered":"https:\/\/recurrentenergy.com\/rambler-sale-to-duke-energy\/"},"modified":"2019-09-12T09:16:45","modified_gmt":"2019-09-12T13:16:45","slug":"rambler-sale-to-duke-energy","status":"publish","type":"post","link":"https:\/\/recurrentenergy.com\/de\/rambler-sale-to-duke-energy\/","title":{"rendered":"Canadian Solar completes the sale of a 266-MWp Texas solar project to Duke Energy Renewables"},"content":{"rendered":"

The Rambler solar project will produce enough clean energy to power the equivalent of 40,000 homes.<\/strong><\/p>\n

CHARLOTTE, N.C. and GUELPH, Ontario, Canada, September 12, 2019 <\/strong>\u2013 Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), is expanding its solar energy portfolio by acquiring the 200-megawatt (MWac) \/ 266-megawatt peak (MWp) Rambler solar project from Recurrent Energy<\/a>, a wholly-owned subsidiary of Canadian Solar Inc.<\/a>\u00a0(„Canadian Solar“) (NASDAQ: CSIQ). The project will be located in Tom Green County, Texas and is expected to achieve commercial operation in mid-2020.<\/p>\n

The energy generated from the Rambler solar project will be sold to a customer under a 15-year agreement. The 200-MWac project will utilize more than 733,000 of Canadian Solar’s\u00a0high efficiency bi-facial\u00a0BiKu modules<\/a> across approximately 1,700 acres west of San Angelo, Texas. Rambler will power the equivalent of 40,000 homes, and Duke Energy Renewables will provide long-term operations and maintenance services to the project.<\/p>\n

\u201cWe\u2019re pleased to continue our expansion of solar energy resources in Texas, which is seeing increasing demand for power,\u201d said Rob Caldwell, president of Duke Energy Renewables. \u201cIn addition to generating clean energy, this project will also bring significant economic benefits to the state.\u201d<\/p>\n

The project is expected to employ 400 workers at peak construction. Along with indirect economic benefits that accompany solar project development \u2013 such as increased local spending in the service and construction industries \u2013 Rambler will also directly provide several million dollars to Tom Green County and to the local school district over the 40-year life of the project.<\/p>\n

\u201cWith over one gigawatt of contracted projects in ERCOT\u2019s service territory, we are proud that Recurrent Energy continues to lead solar energy development in Texas, one of the fastest growing U.S. states for the solar industry,\u201d said Shawn Qu, chairman and CEO of Canadian Solar. \u201cIt has been our pleasure to rekindle our long relationship with Duke Energy Renewables\u2019 talented team through this strategic transaction.\u201d<\/p>\n

The Rambler solar project, which is the fifth acquisition by Duke Energy Renewables this year, will be the company\u2019s fourth solar generation facility in Texas. The Rambler project also represents one of seven large-scale projects in Recurrent Energy\u2019s development portfolio within the state.<\/p>\n

Canadian Solar expects to recognize the majority of the revenue from the sale of the project in the third quarter of 2019.<\/p>\n

Since 2010, Duke Energy and Recurrent Energy have now partnered on six solar projects, including four equity transactions. Duke Energy has also purchased equity stakes in solar projects developed by Recurrent Energy that include Ajo and Bagdad<\/a> located in Arizona and the Sunset Reservoir project<\/a> located in San Francisco. Duke Energy subsidiaries have also purchased electricity from the North Carolina IS-42 and NC 102 projects, for which Recurrent Energy played a development or construction oversight role.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Rambler solar project will produce enough clean energy to power the equivalent of 40,000 homes. CHARLOTTE, N.C. and GUELPH, Ontario, Canada, September 12, 2019 \u2013 Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), is expanding its solar energy portfolio by acquiring the 200-megawatt (MWac) \/ 266-megawatt peak (MWp) Rambler solar project from…Read More<\/a><\/p>\n","protected":false},"author":8,"featured_media":13212,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[464],"tags":[],"class_list":["post-17166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release-de"],"acf":[],"yoast_head":"\nCanadian Solar completes the sale of a 266-MWp Texas solar project to Duke Energy Renewables - Recurrent Energy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/recurrentenergy.com\/de\/rambler-sale-to-duke-energy\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Solar completes the sale of a 266-MWp Texas solar project to Duke Energy Renewables - Recurrent Energy\" \/>\n<meta property=\"og:description\" content=\"The Rambler solar project will produce enough clean energy to power the equivalent of 40,000 homes. 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