RALEIGH, N.C. (AP) - Duke Energy Corp. (NYSE: DUK) is going to build a solar power farm on the East Coast's largest Marine Corps base as the Navy and Marines try to turn away from petroleum power.
The country's largest electric company said Thursday it's received approval from state regulators to build a 13-megawatt solar array on 80 acres at Camp Lejeune.
The Navy has decided that its reliance on oil is a national security problem. It's committed to producing at least half of its on-shore energy needs from alternative sources by 2020.
Duke Energy is required by state law to generate 12.5 percent of its electricity from renewable sources by 2021. Duke is investing about $500 million on three other North Carolina solar projects.
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