Duke Renewables unit buys solar power projects

Duke Energy Renewables acquires Sevilel solar power projects in California

Duke Energy Renewables (NYSE: DUK) acquired the 20-MW Seville I and 30-MW Seville II Solar Power Projects in California from Kruger Energy.

The projects are located about 10 miles west of the Salton Sea. With this addition, Duke Energy Renewables has six solar power projects in California totaling 100 MW. The output from Seville I and associated renewable energy credits (RECs) will be sold to San Diego Gas & Electric through a 20-year agreement.

Kruger Energy will be in charge of construction of the projects. Construction is currently underway and is expected in service by year-end 2015.

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