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Duke acquires 2 NC solar projects from ET Capital

Duke EnergyCorp. subsidiary DukeEnergy Renewables Inc. has acquired two 5-MW solar power plants ineastern North Carolina from ET CapitalInc. for an undisclosed sum.

The Hertford site in Perquimans County and the LongFarm project in Northampton County sell their power to Dominion North CarolinaPower under 15-year agreements, according to an April 5 statement. ET Solar Groupprovided 44,631 305-W modules for the facilities, which were energized inMarch. ET Capital is a member of ET Solar Group.

To date, Duke Energy companies have installed more than 400MW of solar energy in the state. Duke has invested more than $4 billion inrenewable energy and plans to invest another $3 billion over the next fiveyears.

Dominion North Carolina Power is legally known as ,a subsidiary of DominionResources Inc.