Duke Energy Renewables, a commercial business unit of Charlotte-based Duke Energy, said Tuesday it acquired a solar project in Shawboro, which is in Eastern North Carolina just south of the Virginia border.
Duke bought the facility from Ecoplexus, the lead developer of the project. Terms of the deal were not disclosed.
The facility is a 20-megawatt AC solar power plant and provides enough energy to power about 4,000 homes, Duke said in a statement Tuesday. Electricity will be sold to Dominion NC Power through a 15-year agreement.
Swinerton Renewable Energy will handle the facility’s construction, which is slated to be completed by the end of 2015, according to the statement.
“We are pleased to add a quality project from Ecoplexus to our growing solar portfolio in Eastern North Carolina,” Greg Wolf, Duke Energy president, Commercial Portfolio, said in the statement.
Duke Energy Renewables has 16 solar facilities either complete or under construction across North Carolina.