The company acquired the Caprock Solar Power Project from Infigen Energy. It is expected to be completed later this year. Power generated from the project will be sold to Western Farmers Electric Cooperative under a 25-year power purchase agreement. EPC contractor Swinerton Renewable Energy will build the project using more than 103,000 Jinko Solar-manufactured panels.
Duke Energy owns and operates more than 2,600 MW od wind and solar energy. The company has invested more than $4 billion in renewable energy and plans to invest another $3 billion over the next five years.