Tag Archives: REC Solar

Duke Energy expands solar stake from NC to SC

Duke Energy, purported big customer of FPL and Spectra’s Sabal Trail fracked methane pipeline boondoggle, is expanding into solar financing for commercial projects, and from North Carolina into South Carolina. After even FPL’s parent bought a Hawaii utility to get into the solar game, why would anybody want to waste time, money, eminent domain land takings, trees cut down, or the hazards of sinkholes, leaks, and explosions near schools and businesses when we can all go straight to faster, cheaper, and far safer and cleaner solar power?

First this: Jennifer Runyon, Renewable Energy World, 9 February 2015, Duke Energy Takes Equity Stake in REC Solar, Embraces Distributed Generation: The move gives REC Solar a cash injection, $225 million in funds available to finance commercial projects, and a streamlined process to deliver solar projects more quickly.,

The largest utility in the U.S. is doubling down on distributed solar by taking an equity stake in commercial solar developer, REC Solar. The companies announced today that Duke will now own a majority stake of REC Solar and that together they will make it easier for commercial customers to go solar. In 2013, Duke Energy invested in Continue reading