Duke Energy Looks to Grow Portfolio to 24 GW by 2030

With the 144-megawatt Pflugerville Solar facility coming online, renewable energy provider Duke Energy reached a significant milestone. It now owns, operates or purchases more than 10,000 MW of solar and wind energy throughout the United States from both its regulated and nonregulated businesses. 

Duke Energy’s portfolio includes nearly 200 sites in 22 states with more than 1,000 megawatts of projects under construction in Florida, Texas and the Carolinas. At peak output, the company’s current renewables portfolio capacity generates enough energy to serve the equivalent of approximately 2.4 million homes and businesses.

“Renewables are playing a major role as we make strong progress toward our ambitious climate goals of at least 50 percent carbon reduction by 2030 and net-zero by 2050,” said Brian Savoy, Duke Energy’s executive vice president, chief strategy and commercial officer. “This next decade will be our biggest ever, and we’re well on our way to exceeding our decarbonization goals by growing our renewables portfolio to 16 GW by 2025 and 24 GW by 2030.”

In addition to carbon reduction and the benefits of creating a diverse energy infrastructure, solar and wind development promotes economic development and job creation in the areas that Duke Energy serves. Currently, Duke Energy employs nearly 700 wind and solar technicians, project developers, support staff and third-party contract workers, and provides more than $29 million in annual lease payments to local landowners.

“These projects deliver significant economic and environmental benefits while providing unique sustainability solutions for our customers and communities,” said Chris Fallon, president of Duke Energy Sustainable Solutions.