WASHINGTON (dpa-AFX) - Duke Energy Renewables, part of Duke Energy Corp.'s (DUK) commercial businesses, said Wednesday that it has acquired a 10-megawatt utility-scale solar project near Kingman, Arizona, from SOLON Corp.
Financial terms were not disclosed.
The Black Mountain Solar Project under construction in Mohave County is expected to achieve commercial operation in October of this year. UniSource Energy Services will purchase the power generated at the Black Mountain site through a 20-year power purchase agreement.
Duke Energy Renewables already owns two other solar facilities in the state: the 4-MW Ajo Solar Farm in Pima County and the 15-MW Bagdad Solar Farm in Yavapai County.
Black Mountain is Duke Energy Renewables' 12th wholly owned commercial solar farm. Since 2007, Duke Energy has invested more than $2.5 billion to grow its commercial wind and solar business lines.
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