Duke Energy Corp. (DUK:US), the largest U.S. utility owner by market value, bought two Solarworld AG (SWV) projects in Southern California with total capacity of 21 megawatts.
The twin solar farms, Highlander 1 and Highlander 2, near Twentynine Palms, California, will be run as one operation and will provide power for more than 4,000 homes, Charlotte, North Carolina-based Duke said in a statement today. Edison International’s Southern California Edison will buy all the electricity under a 20-year agreement.
Highlander is expected to begin producing power this quarter and will be Duke’s largest solar farm, according to the statement. Terms weren’t disclosed.
With the deal, Duke owns more than 100 megawatts of capacity at 15 U.S. solar farms and has spent more than $2.5 billion on solar and wind since 2007.
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