Invenergy To Duke Energy: Long Island Solar Project Changes Hands
Duke Energy Renewables has completed its acquisition of the 24.9 MW Shoreham Solar Commons project in Brookhaven, N.Y., from Invenergy.
The Long Island solar project, located about 60 miles east of Manhattan, is situated on the site of the former Tallgrass Golf Course. The project was placed into service on 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,” comments Rob Caldwell, president of Duke Energy Renewables and Distributed Energy Technology.
Creating nearly 1 million MWh of renewable energy over its lifetime, the project is also expected to generate $700,000-$900,000 in annual tax revenue, the company estimates.
“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,” adds Bryan Schueler, Invenergy’s executive vice president and chief development officer. “We also planted 2,000 trees on the site, providing further environmental benefits in addition to the generation of renewable energy.”
Duke Energy Renewables’ utility-scale wind and solar assets total about 2,900 MW, including 21 wind and 64 solar projects across 14 states. The power produced by these projects is primarily sold through long-term contracts to utilities, electric cooperatives, municipalities, and commercial and industrial customers.