Duke Energy Renewables has acquired the 24.9MW Shoreham Solar Commons photovoltaic project in New York from developer Invenergy.
The under-construction PV plant, sited on a former golf course near Brookhaven in Long Island, is due to be completed in the second quarter of 2018 and has a 20-year power-purchase agreement with the Long Island Power Authority (LIPA).
Duke president Rob Caldwell said: “We are excited to enter New York with a renewables project that offers many benefits to the state and local community.
“The solar project will help meet the energy needs of LIPA’s customers while delivering tremendous economic and environmental benefits.”
Invenergy recently closed construction financing for the project with Mitsubishi UFJ Financial Group.
Duke Energy Renewables will close on the transaction post-construction, pending federal and local approvals.
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