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Duke Energy Renewables acquires NY solar project from Invenergy

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Duke Energy Renewables acquires NY solar project from Invenergy

Duke Energy Corp. unit Duke Energy Renewables LLC is expanding its solar footprint in New York with the acquisition of the 24.9-MW Shoreham Solar Commons project on Long Island, from Invenergy LLC.

With a target completion date in the second quarter of 2018, the project is being built in Brookhaven, N.Y., on the grounds of the former Tallgrass Golf Course, according to an Aug. 14 company release from Duke.

"We are excited to enter New York with a renewables project that offers many benefits to the state and local community," said Rob Caldwell, president of Duke Energy Renewables and Distributed Energy Technology.

Output of the project will be purchased by the Long Island Power Authority under a 20-year power contract. Invenergy secured financing for the construction of the project with MUFG as the administrative agent and lead arranger.

"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 and providing environmental benefits in addition to the generation of renewable energy," Invenergy Executive Vice President and Chief Development Officer Bryan Schueler said in the news release.