Duke Energy, Ranger Power Develop Solar Power Across Midwest

Researched by Industrial Info Resources (Sugar Land, Texas)--A unit of Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), Duke Energy Indiana, announced that it will sign a power purchase agreement (PPA) for up to 199 megawatts (MW) of solar energy being developed by Ranger Power (Chicago, Illinois) at a solar facility in Indiana.

The PPA will cover the output from the Speedway solar project that Ranger is developing across 1,700 acres in Shelby County, Indiana. The PPA is for a 20-year term after the completion of the facility, which is presently under construction and expected to be completed in 2025. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for more information on the project.

"The emission-free solar power that this new facility generates will help us continue to diversify our generation resources and make meaningful progress toward a cleaner energy future," said Stan Pinegar, president of Duke Energy Indiana, in a press release.

Under its most recent Indiana Integrated Resource Plan, Duke is proposing to add more than 2,200 MW of standalone solar power and 450 MW of solar with energy storage to the state. Among the company's proposed solar projects in the state is the Turtle Creek photovoltaic facility near New Lebanon. Construction of the facility is expected to begin later this year, putting it on track for completion in 2025, when it will provide nameplate generation of 400 MW. Subscribers can click here for more details.

Other Duke renewable energy projects proposed for Indiana include the Hoosier Jack facility in Vigo County. Construction on the 175-MW solar facility could begin later this year and be completed toward the end of 2024. Subscribers can click here for the full report.

While the Speedway solar project is the only project being developed by Ranger in Indiana, the company is responsible for more than $1.4 billion of other projects throughout the U.S., such as the Hawkeye photovoltaic solar plant, which is planned to be located in three townships in Clinton County, Iowa. Construction is expected to begin early next year, putting the facility on track for completion in the second half of 2025. Subscribers can click here for more details.

Other active Ranger projects include the 139-MW Blue Bird solar energy project near Warrenton, Missouri. The facility will use panels mounted on a single-axis tracking system to provide about 139 MW of power. Construction on the facility could be completed by the end of this year. Subscribers can click here for more information.

Nebraska accounts for the highest number of active Ranger Power projects, consequently pulling in the most planned investment from the company. Such projects include the grassroot Salt Creek solar project near Lincoln, construction of which is planned to begin next year. Upon completion, which is expected in late 2025, the facility will provide 230 MW of nameplate generation. After completion, Ranger is planning a 70 MW addition to the plant, which would be completed in 2026. Subscribers can click here for the report on the original construction and click here for more details on the plant addition.

Subscribers to Industrial Info's GMI Database can click here to see reports for all of the projects discussed in this article and click here for the related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).